Rafferty Asset Management LLC Buys 2,120 Shares of Eagle Materials Inc. (NYSE:EXP)

Rafferty Asset Management LLC raised its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,506 shares of the construction company's stock after purchasing an additional 2,120 shares during the quarter. Rafferty Asset Management LLC's holdings in Eagle Materials were worth $2,592,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms have weighed in on EXP. Stifel Nicolaus started coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target for the company. Truist Financial cut their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. 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. DA Davidson cut their price objective on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Finally, Stephens reaffirmed an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $274.40.

Eagle Materials Stock Performance

NYSE:EXP opened at $242.23 on Tuesday. The stock has a market cap of $8.06 billion, a P/E ratio of 17.30 and a beta of 1.36. The stock has a 50 day simple moving average of $223.51 and a 200 day simple moving average of $248.93. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93.

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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