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Victory Capital Management Inc. Buys 174,241 Shares of Eagle Materials Inc (NYSE:EXP)

Eagle Materials logo with Construction background

Victory Capital Management Inc. increased its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 111.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,081 shares of the construction company's stock after acquiring an additional 174,241 shares during the quarter. Victory Capital Management Inc. owned approximately 0.99% of Eagle Materials worth $73,477,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXP. HighTower Advisors LLC boosted its position in shares of Eagle Materials by 18.5% in the 4th quarter. HighTower Advisors LLC now owns 3,420 shares of the construction company's stock worth $844,000 after buying an additional 533 shares in the last quarter. Intech Investment Management LLC purchased a new position in Eagle Materials in the 4th quarter valued at about $952,000. Xponance Inc. lifted its holdings in Eagle Materials by 2.8% in the 4th quarter. Xponance Inc. now owns 6,045 shares of the construction company's stock valued at $1,492,000 after purchasing an additional 162 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Eagle Materials by 78.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,252 shares of the construction company's stock valued at $309,000 after purchasing an additional 549 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in Eagle Materials in the 4th quarter valued at about $473,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Price Performance

NYSE:EXP traded down $2.15 during trading hours on Monday, reaching $212.97. The company had a trading volume of 318,482 shares, compared to its average volume of 353,412. The stock has a 50-day moving average of $211.25 and a two-hundred day moving average of $225.03. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The firm has a market capitalization of $6.95 billion, a PE ratio of 15.45 and a beta of 1.26. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same period last year, the company earned $2.24 EPS. The company's revenue was down 1.4% compared to the same quarter last year. Analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials's payout ratio is presently 7.27%.

Wall Street Analysts Forecast Growth

EXP has been the topic of several recent analyst reports. DA Davidson cut their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Citigroup cut their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a report on Sunday, July 6th. Finally, Truist Financial cut their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $254.44.

Read Our Latest Analysis on Eagle Materials

Eagle Materials Profile

(Free Report)

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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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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