Victory Capital Management Inc. Has $73.48 Million Position in Eagle Materials Inc (NYSE:EXP)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bridges Investment Management Inc. raised its position in Eagle Materials by 111.4% during the first quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock worth $1,535,000 after acquiring an additional 3,645 shares in the last quarter. Hi Line Capital Management LLC bought a new stake in shares of Eagle Materials in the 1st quarter valued at about $4,770,000. GAMMA Investing LLC raised its holdings in shares of Eagle Materials by 21.2% in the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after purchasing an additional 143 shares during the period. Teacher Retirement System of Texas lifted its stake in Eagle Materials by 234.6% in the 1st quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock valued at $1,089,000 after purchasing an additional 3,439 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Eagle Materials by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 22,400 shares of the construction company's stock worth $5,527,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup dropped their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Truist Financial dropped their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on shares of Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $0.84 during trading on Friday, reaching $215.16. The company's stock had a trading volume of 253,445 shares, compared to its average volume of 353,051. The business's 50-day moving average price is $211.54 and its 200-day moving average price is $225.53. The firm has a market cap of $7.02 billion, a PE ratio of 15.64 and a beta of 1.26. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. 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 posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same period in the prior year, the firm earned $2.24 EPS. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Eagle Materials's payout ratio is 7.27%.

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.