Nisa Investment Advisors LLC Decreases Stock Holdings in Eagle Materials Inc (NYSE:EXP)

Nisa Investment Advisors LLC trimmed its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,103 shares of the construction company's stock after selling 12,746 shares during the quarter. Nisa Investment Advisors LLC's holdings in Eagle Materials were worth $3,578,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after buying an additional 66,399 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Eagle Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after purchasing an additional 15,388 shares during the last quarter. Baupost Group LLC MA raised its position in shares of Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after purchasing an additional 137,950 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Eagle Materials by 10.3% in the 4th quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock valued at $146,797,000 after purchasing an additional 55,578 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock valued at $146,099,000 after purchasing an additional 13,988 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXP has been the subject of several research analyst reports. Citigroup decreased their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. DA Davidson decreased their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Loop Capital decreased their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Eagle Materials has a consensus rating of "Hold" and a consensus price target of $254.44.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $223.44 on Friday. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The company's 50 day moving average is $212.71 and its 200 day moving average is $226.30. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The company has a market cap of $7.29 billion, a PE ratio of 16.24 and a beta of 1.26.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26). The business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. Eagle Materials's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.24 EPS. On average, sell-side analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Eagle Materials's payout ratio is 7.27%.

Eagle Materials Company 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.

Want to see what other hedge funds are holding EXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Materials Inc (NYSE:EXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.