Gotham Asset Management LLC Increases Position in Eagle Materials Inc. (NYSE:EXP)

Gotham Asset Management LLC grew its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,699 shares of the construction company's stock after buying an additional 4,433 shares during the period. Gotham Asset Management LLC owned approximately 0.14% of Eagle Materials worth $11,277,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its position in Eagle Materials by 78.1% in the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after purchasing an additional 16,645 shares during the period. JPMorgan Chase & Co. increased its holdings in Eagle Materials by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after purchasing an additional 652,836 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Eagle Materials by 32.6% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,326 shares of the construction company's stock valued at $328,000 after buying an additional 326 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Eagle Materials by 12.6% during the fourth quarter. Park Avenue Securities LLC now owns 3,821 shares of the construction company's stock worth $943,000 after buying an additional 427 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Eagle Materials by 62.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,512 shares of the construction company's stock valued at $867,000 after acquiring an additional 1,352 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Trading Down 0.0%

EXP stock traded down $0.10 during midday trading on Thursday, reaching $234.34. 296,384 shares of the company traded hands, compared to its average volume of 335,470. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 16.74 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The business has a 50 day moving average of $221.91 and a 200-day moving average of $250.44. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93.

Analyst Ratings Changes

A number of brokerages have issued reports on EXP. Truist Financial reduced their price objective on 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 assumed coverage on shares of Eagle Materials in a research 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 objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Loop Capital reduced their target price on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a research report on Tuesday, April 1st. Finally, DA Davidson decreased their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $274.40.

Eagle Materials 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.