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

Nisa Investment Advisors LLC trimmed its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,123 shares of the construction company's stock after selling 4,333 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Eagle Materials worth $6,370,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Eagle Bay Advisors LLC lifted its position in Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock valued at $26,000 after buying an additional 42 shares in the last quarter. Bessemer Group Inc. increased its holdings in Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Eagle Materials in the first quarter valued at about $42,000. McClarren Financial Advisors Inc. lifted 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 worth $47,000 after purchasing an additional 215 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of 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 buying an additional 176 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

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

Eagle Materials Stock Up 0.7 %

Eagle Materials stock traded up $2.03 during midday trading on Friday, hitting $287.49. The stock had a trading volume of 223,511 shares, compared to its average volume of 307,477. The business has a fifty day moving average price of $277.89 and a 200 day moving average price of $253.25. Eagle Materials Inc. has a 12 month low of $161.05 and a 12 month high of $306.36. The stock has a market cap of $9.64 billion, a P/E ratio of 20.30 and a beta of 1.32. The company has a current ratio of 2.34, a quick ratio of 1.17 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter last year, the firm posted $4.28 earnings per share. Eagle Materials's revenue was up .2% compared to the same quarter last year. Research analysts predict that Eagle Materials Inc. will post 15.45 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Tuesday, September 17th. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

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.