Eagle Materials Inc $EXP Stock Holdings Lessened by Truist Financial Corp

Truist Financial Corp reduced its holdings in Eagle Materials Inc (NYSE:EXP) by 68.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,097 shares of the construction company’s stock after selling 13,061 shares during the quarter. Truist Financial Corp’s holdings in Eagle Materials were worth $1,260,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Eagle Materials by 14.6% in the 3rd quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after buying an additional 65,072 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Eagle Materials by 61.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock worth $116,630,000 after buying an additional 189,725 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of Eagle Materials by 743.8% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 34,317 shares of the construction company’s stock worth $7,997,000 after buying an additional 30,250 shares during the last quarter. Cambiar Investors LLC bought a new position in shares of Eagle Materials in the 4th quarter worth about $1,321,000. Finally, Madison Asset Management LLC bought a new position in shares of Eagle Materials in the 3rd quarter worth about $1,976,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EXP shares. DA Davidson reduced their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup cut their price objective on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Eagle Materials has a consensus rating of “Hold” and a consensus target price of $228.82.

Eagle Materials Stock Down 3.7%

EXP stock opened at $194.63 on Friday. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 14.73 and a beta of 1.38. The firm’s 50-day moving average is $196.11 and its two-hundred day moving average is $211.39. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.