Carillon Tower Advisers Inc. bought a new position in Eagle Materials, Inc. (NYSE:EXP) during the first quarter, HoldingsChannel.com reports. The firm bought 66,825 shares of the construction company’s stock, valued at approximately $5,633,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXP. Ardevora Asset Management LLP bought a new position in shares of Eagle Materials in the 4th quarter worth $34,958,000. Two Sigma Advisers LP lifted its holdings in shares of Eagle Materials by 1,587.1% in the 4th quarter. Two Sigma Advisers LP now owns 504,078 shares of the construction company’s stock worth $30,764,000 after purchasing an additional 474,200 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Eagle Materials in the 4th quarter worth $25,648,000. Norges Bank bought a new position in shares of Eagle Materials in the 4th quarter worth $25,150,000. Finally, Broad Bay Capital Management LP bought a new position in shares of Eagle Materials in the 4th quarter worth $18,816,000. Institutional investors own 95.90% of the company’s stock.

Shares of NYSE:EXP opened at $88.26 on Thursday. The company has a current ratio of 2.26, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. Eagle Materials, Inc. has a 1-year low of $57.00 and a 1-year high of $115.75. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.87 and a beta of 1.36.

A number of brokerages recently issued reports on EXP. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. TheStreet upgraded Eagle Materials from a “c+” rating to a “b-” rating in a report on Monday, April 15th. Raymond James upgraded Eagle Materials from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a report on Friday, April 5th. Citigroup increased their target price on Eagle Materials from $84.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, ValuEngine upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $103.14.

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Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Want to see what other hedge funds are holding EXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Materials, Inc. (NYSE:EXP).

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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