Nomura Holdings Inc. Invests $1.10 Million in Eagle Materials Inc. (NYSE:EXP)

Nomura Holdings Inc. bought a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,451 shares of the construction company's stock, valued at approximately $1,098,000.

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

Analyst Ratings Changes

EXP has been the topic of several recent research reports. Truist Financial cut their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus cut their price target on Eagle Materials from $242.00 to $241.00 and set a "hold" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Loop Capital dropped their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday. Finally, DA Davidson cut their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $268.00.

Eagle Materials Trading Down 0.3%

Shares of EXP traded down $0.73 during mid-day trading on Thursday, reaching $214.01. 448,168 shares of the company were exchanged, compared to its average volume of 337,831. The business has a 50 day simple moving average of $223.79 and a two-hundred day simple moving average of $248.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The stock has a market capitalization of $7.12 billion, a PE ratio of 15.29 and a beta of 1.36. Eagle Materials Inc. has a 52 week low of $201.61 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). The firm had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.24 EPS. On average, analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

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.