Eagle Materials Inc. (NYSE:EXP) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,370,000 shares, an increase of 24.5% from the March 31st total of 1,100,000 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily volume of 356,500 shares, the short-interest ratio is presently 3.8 days.

Several analysts have recently weighed in on the stock. Raymond James lifted their target price on shares of Eagle Materials from $130.00 to $165.00 and gave the company an “outperform” rating in a report on Monday. TheStreet raised Eagle Materials from a “c+” rating to a “b” rating in a report on Wednesday, January 6th. JPMorgan Chase & Co. increased their target price on Eagle Materials from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 22nd. Loop Capital lifted their price target on Eagle Materials from $108.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 6th. Finally, Zacks Investment Research cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $119.00.

In other news, SVP William R. Devlin sold 10,097 shares of the business’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $119.00, for a total value of $1,201,543.00. Following the transaction, the senior vice president now owns 44,085 shares of the company’s stock, valued at $5,246,115. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 30,816 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $117.88, for a total value of $3,632,590.08. Following the sale, the chief financial officer now owns 75,633 shares of the company’s stock, valued at approximately $8,915,618.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,093 shares of company stock valued at $17,242,848. 2.30% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in EXP. Sprucegrove Investment Management Ltd. acquired a new stake in Eagle Materials in the 4th quarter valued at about $92,543,000. Norges Bank purchased a new position in shares of Eagle Materials during the 4th quarter worth approximately $49,553,000. Schroder Investment Management Group acquired a new position in shares of Eagle Materials during the 4th quarter worth approximately $29,377,000. Janus Henderson Group PLC lifted its stake in Eagle Materials by 72.6% in the 4th quarter. Janus Henderson Group PLC now owns 645,760 shares of the construction company’s stock valued at $65,448,000 after buying an additional 271,701 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Eagle Materials during the 4th quarter valued at $26,960,000. Institutional investors and hedge funds own 94.24% of the company’s stock.

EXP stock traded up $1.85 during midday trading on Tuesday, hitting $142.09. 393,555 shares of the stock were exchanged, compared to its average volume of 356,453. The stock’s 50-day moving average price is $136.77 and its 200-day moving average price is $113.47. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.58 and a current ratio of 3.98. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 39.58 and a beta of 1.30. Eagle Materials has a fifty-two week low of $48.56 and a fifty-two week high of $145.00.

Eagle Materials Company 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.

Featured Story: Most Volatile Stocks

Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.