Jacobs Levy Equity Management Inc. Sells 15,184 Shares of Eagle Materials Inc. (NYSE:EXP)

Jacobs Levy Equity Management Inc. decreased its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 81.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,354 shares of the construction company's stock after selling 15,184 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Eagle Materials were worth $828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new position in shares of Eagle Materials in the fourth quarter valued at about $12,338,000. Gotham Asset Management LLC boosted its holdings in Eagle Materials by 10.7% in the 4th quarter. Gotham Asset Management LLC now owns 45,699 shares of the construction company's stock valued at $11,277,000 after purchasing an additional 4,433 shares during the period. Focus Partners Wealth acquired a new position in shares of Eagle Materials during the 4th quarter worth approximately $415,000. Ensign Peak Advisors Inc increased its holdings in shares of Eagle Materials by 54.1% during the fourth quarter. Ensign Peak Advisors Inc now owns 15,368 shares of the construction company's stock worth $3,792,000 after purchasing an additional 5,395 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Eagle Materials by 106.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,479 shares of the construction company's stock valued at $365,000 after buying an additional 23,815 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Price Performance

Shares of NYSE:EXP traded down $21.17 during trading on Tuesday, hitting $220.78. 1,030,801 shares of the company were exchanged, compared to its average volume of 339,683. Eagle Materials Inc. has a 1-year low of $200.59 and a 1-year high of $321.93. The company has a market capitalization of $7.35 billion, a P/E ratio of 15.77 and a beta of 1.36. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $223.51 and its 200-day moving average is $248.93.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The firm had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Eagle Materials's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.24 EPS. Equities analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EXP has been the subject of several analyst reports. Truist Financial dropped their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus initiated 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. Loop Capital reduced their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research note on Tuesday, April 1st. Stephens restated an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced 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 report on Wednesday, March 19th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Eagle Materials 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.