Eagle Materials Inc. (NYSE:EXP) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Eagle Materials Inc. (NYSE:EXP) by 16.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,123 shares of the construction company’s stock after selling 4,333 shares during the period. Nisa Investment Advisors LLC owned 0.07% of Eagle Materials worth $6,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC increased its position in Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after acquiring an additional 42 shares during the period. Bessemer Group Inc. increased its holdings in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Eagle Materials during the first quarter valued at $42,000. McClarren Financial Advisors Inc. raised its stake in shares of Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in Eagle Materials by 1,760.0% in the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after purchasing an additional 176 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

EXP stock opened at $285.46 on Friday. The firm has a 50-day moving average of $277.46 and a two-hundred day moving average of $252.99. The firm has a market capitalization of $9.60 billion, a PE ratio of 20.16 and a beta of 1.32. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81. Eagle Materials Inc. has a one year low of $152.59 and a one year high of $306.36.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The firm had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same period in the prior year, the business posted $4.28 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts forecast that Eagle Materials Inc. will post 15.9 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, September 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date was Tuesday, September 17th. Eagle Materials’s payout ratio is 7.06%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stephens boosted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Citigroup lifted their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $302.67.

About Eagle Materials

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.