Sheets Smith Wealth Management Purchases 255 Shares of Eagle Materials Inc. (NYSE:EXP)

Sheets Smith Wealth Management raised its position in Eagle Materials Inc. (NYSE:EXP) by 11.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,531 shares of the construction company’s stock after acquiring an additional 255 shares during the period. Sheets Smith Wealth Management’s holdings in Eagle Materials were worth $513,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in Eagle Materials during the third quarter worth about $25,000. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Eagle Materials during the 4th quarter worth approximately $30,000. BluePath Capital Management LLC bought a new stake in Eagle Materials in the 3rd quarter valued at $31,000. Planned Solutions Inc. acquired a new stake in Eagle Materials during the 4th quarter valued at $35,000. Finally, Headlands Technologies LLC bought a new position in Eagle Materials during the third quarter worth $53,000. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

NYSE:EXP traded up $4.49 on Monday, hitting $265.61. The company had a trading volume of 109,943 shares, compared to its average volume of 290,510. Eagle Materials Inc. has a 52 week low of $145.03 and a 52 week high of $272.72. 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 stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 18.43 and a beta of 1.35. The firm has a 50 day moving average of $256.72 and a two-hundred day moving average of $218.38.

Insider Activity

In other Eagle Materials news, Director David B. Powers sold 3,347 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the transaction, the director now owns 655 shares of the company’s stock, valued at approximately $157,540.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director David B. Powers sold 3,347 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the transaction, the director now owns 655 shares of the company’s stock, valued at $157,540.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at $5,479,841.85. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXP shares. Raymond James raised their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Stephens upped their target price on Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. Stifel Nicolaus upped their price objective on Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Truist Financial boosted their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.50.

Eagle Materials Company 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.