Nisa Investment Advisors LLC Increases Stock Position in Eagle Materials Inc. (NYSE:EXP)

Nisa Investment Advisors LLC raised its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 30.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,849 shares of the construction company's stock after buying an additional 6,726 shares during the quarter. Nisa Investment Advisors LLC owned 0.09% of Eagle Materials worth $7,126,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Eagle Materials by 78.1% during the third quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after acquiring an additional 16,645 shares during the period. Ausbil Investment Management Ltd boosted its holdings in Eagle Materials by 400.3% in the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company's stock valued at $3,733,000 after acquiring an additional 10,384 shares during the last quarter. Baupost Group LLC MA grew its position in shares of Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock worth $143,904,000 after buying an additional 158,171 shares during the period. Entropy Technologies LP bought a new stake in shares of Eagle Materials during the 3rd quarter valued at $920,000. Finally, Natixis Advisors LLC grew its position in shares of Eagle Materials by 11.8% during the 3rd quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company's stock worth $7,843,000 after buying an additional 2,871 shares during the period. 96.07% of the stock is owned by institutional investors.

Eagle Materials Trading Up 0.4 %

EXP traded up $1.06 during midday trading on Friday, hitting $262.28. 283,576 shares of the company were exchanged, compared to its average volume of 220,260. The firm's 50 day moving average price is $269.51 and its 200-day moving average price is $268.67. Eagle Materials Inc. has a 1-year low of $204.27 and a 1-year high of $321.93. The firm has a market capitalization of $8.80 billion, a P/E ratio of 18.52 and a beta of 1.37. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.28 earnings per share. As a group, equities analysts forecast that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.38%. Eagle Materials's payout ratio is currently 7.06%.

Insider Activity at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares in the company, valued at $330,330. This trade represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 in the last 90 days. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and lowered their price target for the stock from $330.00 to $310.00 in a report on Monday, December 16th. The Goldman Sachs Group lifted their target price on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Stephens cut their price target on shares of Eagle Materials from $325.00 to $310.00 and set an "overweight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Finally, Truist Financial upped their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Eagle Materials has an average rating of "Hold" and a consensus price target of $300.89.

Eagle Materials 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.