Victory Capital Management Inc. raised its position in Eagle Materials Inc. (NYSE:EXP) by 51.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 998,728 shares of the company’s stock after buying an additional 340,817 shares during the period. Victory Capital Management Inc. owned about 2.07% of Eagle Materials worth $77,201,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Neuberger Berman Group LLC raised its stake in shares of Eagle Materials by 66.6% in the second quarter. Neuberger Berman Group LLC now owns 1,571,505 shares of the company’s stock worth $121,242,000 after buying an additional 627,950 shares during the last quarter. RidgeWorth Capital Management LLC acquired a new stake in shares of Eagle Materials during the second quarter worth $42,101,000. Wells Fargo & Company MN raised its stake in shares of Eagle Materials by 17.5% in the third quarter. Wells Fargo & Company MN now owns 2,148,011 shares of the company’s stock worth $166,042,000 after buying an additional 319,513 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Eagle Materials during the third quarter worth $20,782,000. Finally, Rainier Investment Management LLC acquired a new stake in shares of Eagle Materials during the second quarter worth $19,276,000. Institutional investors and hedge funds own 93.74% of the company’s stock.
Shares of Eagle Materials Inc. (NYSE:EXP) traded up 0.73% on Friday, reaching $96.03. The company’s stock had a trading volume of 154,468 shares. The stock has a 50-day moving average price of $84.13 and a 200-day moving average price of $80.45. Eagle Materials Inc. has a 1-year low of $45.03 and a 1-year high of $97.05. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 24.71 and a beta of 1.31.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Monday, October 24th. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by $0.05. The company earned $332.70 million during the quarter, compared to analyst estimates of $344.65 million. Eagle Materials had a net margin of 16.43% and a return on equity of 17.96%. Eagle Materials’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. On average, equities research analysts forecast that Eagle Materials Inc. will post $4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, December 23rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Wednesday, December 21st. Eagle Materials’s dividend payout ratio is currently 10.26%.
EXP has been the topic of a number of research analyst reports. Stephens lowered Eagle Materials from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 17th. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. CL King raised Eagle Materials from a “neutral” rating to a “buy” rating in a report on Tuesday, October 4th. Finally, DA Davidson set a $100.00 target price on Eagle Materials and gave the stock a “buy” rating in a report on Tuesday, September 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Eagle Materials currently has a consensus rating of “Buy” and an average price target of $85.00.
In other news, SVP William R. Devlin sold 7,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $92.00, for a total value of $644,000.00. Following the transaction, the senior vice president now owns 51,405 shares in the company, valued at approximately $4,729,260. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerald J. Essl sold 10,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $94.41, for a total value of $944,100.00. Following the completion of the transaction, the insider now owns 42,529 shares in the company, valued at approximately $4,015,162.89. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.
About Eagle Materials