Eagle Materials Inc (NYSE:EXP) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 65.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,138 shares of the construction company's stock after selling 5,960 shares during the quarter. Pacer Advisors Inc.'s holdings in Eagle Materials were worth $696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXP. Parallel Advisors LLC boosted its stake in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares during the period. Huntington National Bank boosted its stake in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after buying an additional 144 shares during the period. Private Trust Co. NA boosted its stake in shares of Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after buying an additional 80 shares during the period. Assetmark Inc. boosted its stake in shares of Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after buying an additional 326 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after buying an additional 131 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Loop Capital boosted their target price on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Stephens set a $255.00 target price on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $255.33.

Eagle Materials Stock Performance

EXP traded down $3.96 during trading on Friday, hitting $220.33. 484,116 shares of the stock were exchanged, compared to its average volume of 419,977. The firm has a market capitalization of $7.15 billion, a P/E ratio of 16.22 and a beta of 1.24. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The stock has a fifty day moving average price of $209.82 and a two-hundred day moving average price of $223.97. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.87.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.73 by $0.03. The company had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. As a group, sell-side analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials's payout ratio is 7.27%.

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.