Hudson Bay Capital Management LP Purchases Shares of 50,000 Eagle Materials Inc. (NYSE:EXP)

Hudson Bay Capital Management LP purchased a new stake in Eagle Materials Inc. (NYSE:EXPFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the construction company’s stock, valued at approximately $12,338,000. Hudson Bay Capital Management LP owned about 0.15% of Eagle Materials at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after buying an additional 71 shares during the last quarter. Huntington National Bank raised its holdings in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after purchasing an additional 144 shares during the period. R Squared Ltd bought a new stake in shares of Eagle Materials in the 4th quarter valued at about $81,000. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after purchasing an additional 310 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Eagle Materials in the 4th quarter valued at about $125,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXP has been the topic of a number of research analyst reports. Loop Capital dropped their target price on shares of Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. dropped their target price on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 target price on the stock. Stephens reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Truist Financial dropped their target price on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $274.40.

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Eagle Materials Price Performance

Shares of EXP opened at $229.83 on Monday. Eagle Materials Inc. has a 52 week low of $201.61 and a 52 week high of $321.93. The firm has a market cap of $7.65 billion, a P/E ratio of 16.42 and a beta of 1.36. The firm’s 50-day simple moving average is $220.79 and its 200 day simple moving average is $250.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials Profile

(Free Report)

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.

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

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