Eagle Materials Inc. (NYSE:EXP) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,291 shares of the construction company's stock after selling 1,202 shares during the quarter. Cresset Asset Management LLC's holdings in Eagle Materials were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after acquiring an additional 71 shares during the last quarter. Huntington National Bank grew its holdings in shares of 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 purchased a new position in shares of Eagle Materials during the 4th quarter worth $81,000. LGT Financial Advisors LLC grew its holdings in shares of Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of Eagle Materials during the 4th quarter worth $125,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EXP shares. Stifel Nicolaus started coverage on Eagle Materials in a report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Loop Capital lowered their price target on Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a report on Tuesday, April 1st. Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Truist Financial lowered their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Eight 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, the stock presently has an average rating of "Hold" and a consensus price target of $274.40.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $229.83 on Monday. The business has a 50-day moving average of $220.79 and a 200 day moving average of $250.98. Eagle Materials Inc. has a 12 month low of $201.61 and a 12 month high of $321.93. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 16.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

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.

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