Eagle Materials Inc. (NYSE:EXP) Stock Holdings Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,098 shares of the construction company's stock after purchasing an additional 1,302 shares during the period. Pacer Advisors Inc.'s holdings in Eagle Materials were worth $2,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock worth $1,093,432,000 after buying 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 boosted its holdings in Eagle Materials by 3.5% in the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company's stock valued at $203,585,000 after purchasing an additional 23,911 shares during the last quarter. Baupost Group LLC MA grew its stake in Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock valued at $143,904,000 after purchasing an additional 158,171 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Eagle Materials by 2.7% during the 3rd quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company's stock worth $100,607,000 after purchasing an additional 9,216 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXP has been the subject of several research analyst reports. Truist Financial increased their target price on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Jefferies Financial Group downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and reduced their price objective for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Citigroup downgraded shares of Eagle Materials from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. DA Davidson cut their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and an average price target of $296.80.

Eagle Materials Stock Performance

EXP stock traded down $0.55 during midday trading on Tuesday, reaching $253.28. The company had a trading volume of 242,033 shares, compared to its average volume of 308,724. The firm has a market capitalization of $8.43 billion, a PE ratio of 18.09 and a beta of 1.37. Eagle Materials Inc. has a fifty-two week low of $211.44 and a fifty-two week high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $262.42 and a 200 day moving average price of $270.62.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Analysts anticipate that Eagle Materials Inc. will post 14.6 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials's payout ratio is 7.14%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company's stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is owned by company insiders.

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.