Eagle Materials Inc. (NYSE:EXP) Stock Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,840 shares of the construction company's stock after purchasing an additional 11,770 shares during the quarter. Victory Capital Management Inc. owned 0.47% of Eagle Materials worth $38,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXP. FMR LLC lifted its stake in shares of Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock worth $1,093,432,000 after acquiring an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after acquiring an additional 652,836 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Eagle Materials by 3.5% in the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company's stock worth $203,585,000 after acquiring an additional 23,911 shares in the last quarter. Baupost Group LLC MA lifted its stake in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock worth $143,904,000 after acquiring an additional 158,171 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Eagle Materials by 2.7% in the third quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company's stock worth $100,607,000 after acquiring an additional 9,216 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Remove Ads

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the transaction, the director now directly owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $6.96 on Friday, reaching $213.84. 690,434 shares of the company were exchanged, compared to its average volume of 351,646. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company's 50-day moving average is $244.35 and its two-hundred day moving average is $268.92. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 15.27 and a beta of 1.37. Eagle Materials Inc. has a 1-year low of $205.44 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's payout ratio is 7.14%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXP. Stephens reiterated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Stifel Nicolaus assumed coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective on the stock. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group cut Eagle Materials from a "buy" rating to a "hold" rating and cut their price objective for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Eagle Materials has an average rating of "Hold" and an average target price of $292.40.

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, 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.