Top 5 Stock Picks of Mark Lee’s Mountaineer Partners

2. Eagle Materials, Inc. (NYSE:EXP)

Mountaineer Partners Management’s Stake Value: $11.298 million

Percentage of Mountaineer Partners Management’s 13F Portfolio: 8.22%

Number of Hedge Fund Holders as of Q2 2021: 36

Headquartered in Dallas, Texas, Eagle Materials, Inc. (NYSE: EXP) manufactures building materials such as concrete, gypsum, and cement. 79,500 of its shares were held by Mountaineer Partners Management by the end of the second quarter of 2021. The fund newly acquired these shares in Eagle Materials, Inc. (NYSE: EXP) during the second quarter of 2021.

On October 26, Anthony Pettinari, an analyst at Citigroup Inc., raised the firm’s price target on the company from $167 to $170 and maintained the previously set “Buy” rating on its shares. On October 28, Eagle Materials, Inc. (NYSE: EXP) announced its Q2 revenue as $510 million, beating estimates by $4.13 million. The Q2 2021 revenue demonstrated a year-over-year growth of 13.9%.

L1 Capital, an investment management firm, published its ‘L1 Capital International Fund’ first quarter 2021 investor letter in which it mentioned Eagle Materials, Inc. (NYSE: EXP). Here is what the firm stated about Eagle Materials, Inc. (NYSE: EXP) in its Q1 2021 investor letter:

“Contributors to the gains were broad based, with the decision to selectively increase exposure to more cyclical sectors such as U.S. housing delivering strong returns. Eagle Materials, a high quality but below the radar building products company, was featured in the December 2020 quarterly report. Pleasingly, the market began to recognise the quality of this business and its strong cashflow and earnings outlook. Its share price increased by 33% during the March 2021 quarter.”