Vestmark Advisory Solutions Inc. Lowers Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Vestmark Advisory Solutions Inc. cut its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 35.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029 shares of the construction company’s stock after selling 568 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Eagle Materials were worth $209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Eagle Materials in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC purchased a new position in Eagle Materials in the 3rd quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new position in shares of Eagle Materials in the fourth quarter worth $35,000. BluePath Capital Management LLC purchased a new stake in shares of Eagle Materials during the third quarter worth $31,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Eagle Materials in the third quarter valued at $53,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXP has been the subject of several analyst reports. Raymond James boosted their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Truist Financial raised their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Citigroup boosted their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus raised their price objective on shares of Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Moderate Buy” and an average price target of $263.50.

Eagle Materials Trading Up 0.6 %

Shares of Eagle Materials stock opened at $268.19 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $257.38 and a 200-day simple moving average of $219.95. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 18.93 and a beta of 1.35. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $272.72.

Insider Activity at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by corporate insiders.

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; 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.