Eagle Materials Inc. (NYSE:EXP) Stake Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 25.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,039 shares of the construction company's stock after selling 18,093 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Eagle Materials worth $10,556,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Meritage Portfolio Management grew its position in Eagle Materials by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company's stock worth $458,000 after buying an additional 47 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Eagle Materials by 2.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company's stock valued at $632,000 after purchasing an additional 74 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Eagle Materials by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,674 shares of the construction company's stock worth $2,110,000 after purchasing an additional 82 shares during the last quarter. Inspire Investing LLC boosted its position in Eagle Materials by 8.2% during the third quarter. Inspire Investing LLC now owns 1,830 shares of the construction company's stock worth $305,000 after purchasing an additional 138 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Eagle Materials by 3.0% in the third quarter. Perigon Wealth Management LLC now owns 4,775 shares of the construction company's stock valued at $795,000 after purchasing an additional 139 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on EXP shares. StockNews.com downgraded Eagle Materials from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $200.00 to $265.00 and gave the company a "neutral" rating in a report on Friday, March 22nd. Raymond James lifted their price objective on Eagle Materials from $170.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th. Stifel Nicolaus raised their price target on Eagle Materials from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, April 15th. Finally, Truist Financial upped their price objective on Eagle Materials from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Eagle Materials has an average rating of "Moderate Buy" and an average target price of $263.50.

Eagle Materials Trading Up 2.2 %

NYSE EXP traded up $5.78 during trading hours on Monday, hitting $266.90. 171,451 shares of the company's stock were exchanged, compared to its average volume of 291,260. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. The firm has a market capitalization of $9.19 billion, a P/E ratio of 18.84 and a beta of 1.35. The business's 50 day moving average is $256.72 and its 200-day moving average is $218.38. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $272.72.

Insider Transactions at Eagle Materials

In related news, Director David B. Powers sold 3,347 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the sale, the director now directly owns 655 shares in the company, valued at $157,540.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares in the company, valued at $5,479,841.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Powers sold 3,347 shares of Eagle Materials stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the transaction, the director now directly owns 655 shares in the company, valued at $157,540.60. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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; 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.