Hudson Bay Capital Management LP Makes New $12.34 Million Investment in Eagle Materials Inc. (NYSE:EXP)

Hudson Bay Capital Management LP purchased a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 50,000 shares of the construction company's stock, valued at approximately $12,338,000. Hudson Bay Capital Management LP owned approximately 0.15% of Eagle Materials at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Eagle Materials by 3.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after purchasing an additional 66,399 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Eagle Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock worth $178,450,000 after acquiring an additional 15,388 shares during the period. Baupost Group LLC MA boosted its position in shares of Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after acquiring an additional 137,950 shares during the last quarter. Federated Hermes Inc. raised its stake in Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock worth $146,797,000 after purchasing an additional 55,578 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in shares of Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock valued at $146,099,000 after buying an additional 13,988 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

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

Analyst Ratings Changes

A number of research analysts recently commented on EXP shares. Loop Capital decreased their price objective on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. DA Davidson reduced their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Truist Financial lowered their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $274.40.

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.