Eagle Materials Inc. (NYSE:EXP) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 634,774 shares of the construction company's stock after selling 145,494 shares during the quarter. Eagle Materials comprises approximately 1.5% of Frontier Capital Management Co. LLC's holdings, making the stock its 5th largest position. Frontier Capital Management Co. LLC owned about 1.91% of Eagle Materials worth $156,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA grew its holdings in Eagle Materials by 53.0% during 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 boosted its stake 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 acquiring an additional 144 shares during 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 lifted 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 buying 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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXP. JPMorgan Chase & Co. cut their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. DA Davidson lowered their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Stephens reiterated an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Loop Capital lowered their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $274.40.

Eagle Materials Price Performance

EXP stock traded up $9.34 during midday trading on Monday, reaching $239.57. The company had a trading volume of 245,086 shares, compared to its average volume of 334,587. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 17.11 and a beta of 1.36. The stock has a 50 day moving average price of $220.79 and a 200-day moving average price of $250.98. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials Company Profile

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.