Lazard Asset Management LLC Sells 11,934 Shares of Eagle Materials Inc. (NYSE:EXP)

Lazard Asset Management LLC reduced its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 30.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,762 shares of the construction company's stock after selling 11,934 shares during the period. Lazard Asset Management LLC owned 0.08% of Eagle Materials worth $6,849,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares during the period. Huntington National Bank boosted its holdings in Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after acquiring an additional 144 shares in the last quarter. R Squared Ltd acquired a new stake 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 acquiring an additional 310 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of recent research reports. DA Davidson cut their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Stephens reaffirmed an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. Truist Financial decreased their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. Finally, Loop Capital decreased their price objective on Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $274.40.

Eagle Materials Stock Up 2.3%

Eagle Materials stock traded up $5.39 during midday trading on Friday, hitting $239.95. 366,129 shares of the stock were exchanged, compared to its average volume of 335,949. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93. 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 price is $222.85 and its 200-day moving average price is $249.50. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 17.14 and a beta of 1.36.

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.