Focus Partners Wealth Acquires Shares of 1,662 Eagle Materials Inc. (NYSE:EXP)

Focus Partners Wealth acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,662 shares of the construction company’s stock, valued at approximately $415,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after buying an additional 71 shares in the last quarter. Huntington National Bank lifted its holdings in shares of 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 buying an additional 144 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Eagle Materials in the fourth quarter worth about $81,000. LGT Financial Advisors LLC lifted its holdings in shares of Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after buying an additional 310 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Eagle Materials in the fourth quarter worth about $125,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 8.7%

Shares of NYSE EXP opened at $220.78 on Wednesday. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The firm’s 50 day simple moving average is $223.77 and its two-hundred day simple moving average is $248.74. The stock has a market capitalization of $7.35 billion, a P/E ratio of 15.77 and a beta of 1.36.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The firm had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the prior year, the business posted $2.24 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EXP shares. Truist Financial lowered their price target on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective 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. Loop Capital decreased 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 report on Tuesday, April 1st. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price objective on the stock. Finally, Stephens restated an “overweight” rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $274.40.

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.