Ensign Peak Advisors Inc Grows Holdings in Eagle Materials Inc. (NYSE:EXP)

Ensign Peak Advisors Inc increased its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,368 shares of the construction company's stock after purchasing an additional 5,395 shares during the quarter. Ensign Peak Advisors Inc's holdings in Eagle Materials were worth $3,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares in the last quarter. Huntington National Bank increased its position in Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after purchasing an additional 144 shares during the period. R Squared Ltd acquired a new stake in shares of Eagle Materials in the 4th quarter valued at approximately $81,000. LGT Financial Advisors LLC lifted its holdings in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after buying an additional 310 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $125,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 6.1%

Shares of NYSE:EXP traded down $14.82 during trading on Tuesday, reaching $227.13. The stock had a trading volume of 245,535 shares, compared to its average volume of 336,646. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.56 billion, a P/E ratio of 16.20 and a beta of 1.36. The business has a fifty day moving average price of $223.51 and a 200-day moving average price of $248.93. Eagle Materials Inc. has a fifty-two week low of $200.59 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The business had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. During the same quarter last year, the firm earned $2.24 EPS. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on EXP shares. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Truist Financial reduced their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They set a "hold" rating and a $242.00 target price on the stock. DA Davidson dropped their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Finally, Stephens reissued an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Eagle Materials has an average rating of "Hold" and an average target price of $274.40.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.