MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Eagle Materials Inc. (NYSE:EXP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,449 shares of the construction company's stock after buying an additional 13,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.72% of Eagle Materials worth $59,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP purchased a new stake in Eagle Materials during the fourth quarter worth about $12,338,000. Gotham Asset Management LLC boosted its holdings in Eagle Materials by 10.7% during the fourth quarter. Gotham Asset Management LLC now owns 45,699 shares of the construction company's stock worth $11,277,000 after buying an additional 4,433 shares in the last quarter. Focus Partners Wealth purchased a new stake in Eagle Materials during the fourth quarter worth about $415,000. Ensign Peak Advisors Inc boosted its holdings in 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 buying an additional 5,395 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Eagle Materials by 106.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,479 shares of the construction company's stock worth $365,000 after buying an additional 23,815 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Stephens restated an "overweight" rating and set a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. 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 target price for the company. DA Davidson cut their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Loop Capital cut 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, Truist Financial cut their price objective 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. 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $274.40.

Eagle Materials Trading Up 2.3%

Shares of NYSE:EXP traded up $5.39 during trading on Friday, reaching $239.95. The stock had a trading volume of 366,129 shares, compared to its average volume of 335,806. The business has a fifty day moving average price of $222.85 and a 200-day moving average price of $249.77. 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 stock has a market cap of $7.99 billion, a P/E ratio of 17.14 and a beta of 1.36. Eagle Materials Inc. has a fifty-two week low of $201.61 and a fifty-two week high of $321.93.

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.