Eagle Materials Inc. (NYSE:EXP) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,840 shares of the construction company's stock after selling 1,103 shares during the period. Voya Investment Management LLC's holdings in Eagle Materials were worth $3,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA lifted its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares during the last quarter. Huntington National Bank increased its stake in shares of Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares during the period. R Squared Ltd bought a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $81,000. Transce3nd LLC bought a new position in Eagle Materials in the 4th quarter worth approximately $125,000. Finally, Smartleaf Asset Management LLC grew its holdings in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after buying an additional 56 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus initiated coverage on Eagle Materials in a report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price target on the stock. Truist Financial lowered their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, Loop Capital lowered their target price on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $274.40.

Eagle Materials Price Performance

EXP stock opened at $227.68 on Friday. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93. The firm has a 50-day moving average of $219.89 and a two-hundred day moving average of $254.29. The firm has a market capitalization of $7.58 billion, a PE ratio of 16.26 and a beta of 1.25. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's dividend payout ratio is 7.14%.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the company's stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares of the company's stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

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.

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