Eagle Materials Inc $EXP Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in shares of Eagle Materials Inc (NYSE:EXP) by 68.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,097 shares of the construction company’s stock after selling 13,061 shares during the period. Truist Financial Corp’s holdings in Eagle Materials were worth $1,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Danske Bank A S raised its holdings in shares of Eagle Materials by 33.3% in the 4th quarter. Danske Bank A S now owns 400 shares of the construction company’s stock worth $83,000 after purchasing an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Eagle Materials by 82.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,295 shares of the construction company’s stock worth $5,021,000 after purchasing an additional 10,980 shares in the last quarter. Keybank National Association OH raised its holdings in shares of Eagle Materials by 4.9% in the 4th quarter. Keybank National Association OH now owns 3,042 shares of the construction company’s stock worth $629,000 after purchasing an additional 141 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Eagle Materials by 2.6% in the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock worth $498,000 after purchasing an additional 61 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Eagle Materials by 56.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 74,990 shares of the construction company’s stock worth $15,499,000 after purchasing an additional 26,951 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXP. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $215.00 target price (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Citigroup dropped their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Royal Bank Of Canada set a $208.00 target price on shares of Eagle Materials in a report on Tuesday, February 24th. Wells Fargo & Company boosted their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $228.82.

Eagle Materials Stock Performance

Eagle Materials stock opened at $194.63 on Friday. The firm’s 50 day simple moving average is $196.11 and its 200-day simple moving average is $211.39. The company has a market cap of $6.12 billion, a P/E ratio of 14.73 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $243.64.

Eagle Materials Company Profile

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.