World Asset Management Inc Purchases New Position in Eagle Materials, Inc. (EXP)

World Asset Management Inc purchased a new position in Eagle Materials, Inc. (NYSE:EXP) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 2,552 shares of the construction company’s stock, valued at approximately $215,000.

A number of other hedge funds also recently bought and sold shares of EXP. BlackRock Inc. increased its position in Eagle Materials by 1.1% during the 4th quarter. BlackRock Inc. now owns 4,328,050 shares of the construction company’s stock valued at $264,142,000 after purchasing an additional 45,955 shares during the period. Vanguard Group Inc. increased its position in Eagle Materials by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,133,226 shares of the construction company’s stock valued at $352,316,000 after purchasing an additional 44,654 shares during the period. Bank of New York Mellon Corp increased its position in Eagle Materials by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,299,538 shares of the construction company’s stock valued at $140,339,000 after purchasing an additional 94,338 shares during the period. Federated Investors Inc. PA increased its position in Eagle Materials by 4,465.3% during the 3rd quarter. Federated Investors Inc. PA now owns 721,461 shares of the construction company’s stock valued at $61,497,000 after purchasing an additional 705,658 shares during the period. Finally, Ardevora Asset Management LLP purchased a new position in Eagle Materials during the 4th quarter valued at about $34,958,000. 95.63% of the stock is currently owned by institutional investors.

A number of research analysts have commented on EXP shares. TheStreet raised shares of Eagle Materials from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Berenberg Bank started coverage on shares of Eagle Materials in a research report on Wednesday, April 3rd. They set a “buy” rating and a $103.00 target price on the stock. Macquarie set a $100.00 target price on shares of Eagle Materials and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Citigroup raised their target price on shares of Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, SunTrust Banks started coverage on shares of Eagle Materials in a research report on Monday, March 25th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $103.14.

NYSE:EXP opened at $88.62 on Friday. Eagle Materials, Inc. has a fifty-two week low of $57.00 and a fifty-two week high of $115.75. The stock has a market capitalization of $4.08 billion, a PE ratio of 21.00, a PEG ratio of 1.95 and a beta of 1.36. The company has a current ratio of 2.26, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42.

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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.

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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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