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

Victory Capital Management Inc. trimmed its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,070 shares of the construction company's stock after selling 6,415 shares during the quarter. Victory Capital Management Inc. owned about 0.43% of Eagle Materials worth $41,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Eagle Materials during the 3rd quarter worth $746,000. Entropy Technologies LP acquired a new position in shares of Eagle Materials during the third quarter valued at $920,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Eagle Materials by 3.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 4,813 shares of the construction company's stock valued at $1,384,000 after purchasing an additional 151 shares in the last quarter. Meritage Portfolio Management lifted its holdings in Eagle Materials by 9.0% in the third quarter. Meritage Portfolio Management now owns 2,323 shares of the construction company's stock worth $668,000 after purchasing an additional 192 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Eagle Materials by 25.1% in the third quarter. Crossmark Global Holdings Inc. now owns 2,748 shares of the construction company's stock worth $790,000 after purchasing an additional 552 shares during the period. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EXP has been the topic of several research analyst reports. Truist Financial raised their target price on shares of 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 raised their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Citigroup increased their price target on Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, Stephens boosted their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $303.78.

Insider Activity

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was 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 $4,148,568. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Eagle Materials Price Performance

Shares of EXP traded down $4.31 during trading hours on Friday, hitting $301.28. 230,388 shares of the company were exchanged, compared to its average volume of 305,714. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company has a market capitalization of $10.11 billion, a PE ratio of 21.28 and a beta of 1.32. The firm has a fifty day simple moving average of $288.92 and a 200-day simple moving average of $257.22. Eagle Materials Inc. has a one year low of $172.20 and a one year high of $317.00.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $4.28 EPS. As a group, sell-side analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. Eagle Materials's dividend payout ratio is currently 7.06%.

Eagle Materials 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.