Schonfeld Strategic Advisors LLC Purchases New Position in Eagle Materials Inc. (NYSE:EXP)

Schonfeld Strategic Advisors LLC acquired a new position in Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,510 shares of the construction company's stock, valued at approximately $619,000.

Several other hedge funds have also modified their holdings of EXP. Private Trust Co. NA lifted its position in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after purchasing an additional 71 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. R Squared Ltd purchased a new position in Eagle Materials in the fourth quarter worth about $81,000. Transce3nd LLC bought a new stake in Eagle Materials during the fourth quarter worth approximately $125,000. Finally, Smartleaf Asset Management LLC raised its position in Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after purchasing an additional 56 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EXP. Loop Capital lowered their target price on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a report on Tuesday, April 1st. Truist Financial decreased 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 note on Thursday, April 24th. Stifel Nicolaus initiated coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 target price on the stock. DA Davidson reduced their price target on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $274.40.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares of the company's stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Eagle Materials Price Performance

NYSE:EXP opened at $229.83 on Friday. The company's 50-day simple moving average is $220.79 and its 200-day simple moving average is $251.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. Eagle Materials Inc. has a fifty-two week low of $201.61 and a fifty-two week high of $321.93. The stock has a market capitalization of $7.65 billion, a P/E ratio of 16.42 and a beta of 1.36.

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.

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