Victory Capital Management Inc. Has $47.70 Million Stake in Eagle Materials, Inc. (EXP)
Victory Capital Management Inc. decreased its position in Eagle Materials, Inc. (NYSE:EXP) by 6.8% during the 4th quarter, HoldingsChannel reports. The fund owned 420,959 shares of the construction company’s stock after selling 30,489 shares during the quarter. Victory Capital Management Inc.’s holdings in Eagle Materials were worth $47,695,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of EXP. Tower Research Capital LLC TRC boosted its holdings in shares of Eagle Materials by 474.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after acquiring an additional 949 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Eagle Materials in the third quarter valued at about $201,000. Cigna Investments Inc. New purchased a new stake in shares of Eagle Materials in the fourth quarter valued at about $205,000. HM Payson & Co. purchased a new stake in shares of Eagle Materials in the third quarter valued at about $225,000. Finally, Ingalls & Snyder LLC purchased a new stake in shares of Eagle Materials in the fourth quarter valued at about $234,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Monday. Citigroup lifted their target price on shares of Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus lowered their target price on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Eagle Materials currently has an average rating of “Hold” and a consensus target price of $135.00.
Shares of Eagle Materials, Inc. (NYSE:EXP) opened at $106.61 on Thursday. The company has a market cap of $5,183.23, a PE ratio of 20.23, a P/E/G ratio of 2.51 and a beta of 1.17. Eagle Materials, Inc. has a fifty-two week low of $86.51 and a fifty-two week high of $122.49. The company has a current ratio of 2.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $359.40 million for the quarter, compared to the consensus estimate of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The firm’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. analysts forecast that Eagle Materials, Inc. will post 5.3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s dividend payout ratio is currently 7.59%.
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About Eagle Materials
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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