NYSE:EXPBasic Materials
What Eagle Materials (EXP)'s Institutional Exit on Housing Affordability Fears Means For Shareholders
L1 Capital International Fund has recently exited its long-term position in Eagle Materials Inc., citing concerns that a softer U.S. housing cycle and housing affordability pressures could weigh on demand and pricing for key products such as wallboard and cement.
This complete divestment by a previously significant shareholder highlights how worries about new housing starts and construction activity are influencing institutional views on building materials exposure.
We’ll now examine how L1...