Nuveen Asset Management LLC Decreases Holdings in Eagle Materials Inc. (NYSE:EXP)

Nuveen Asset Management LLC trimmed its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 64,488 shares of the construction company's stock after selling 3,373 shares during the period. Nuveen Asset Management LLC owned approximately 0.19% of Eagle Materials worth $15,913,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Sprott Inc. grew its position in Eagle Materials by 3.0% in the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock worth $418,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc grew its position in Eagle Materials by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock worth $268,000 after acquiring an additional 54 shares during the period. Hsbc Holdings PLC grew its position in Eagle Materials by 6.0% in the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after acquiring an additional 55 shares during the period. Smartleaf Asset Management LLC grew its position in Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after acquiring an additional 56 shares during the period. Finally, Blue Trust Inc. grew its position in Eagle Materials by 7.1% in the fourth quarter. Blue Trust Inc. now owns 920 shares of the construction company's stock worth $227,000 after acquiring an additional 61 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on EXP. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. DA Davidson decreased their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Loop Capital decreased their price target on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Eagle Materials presently has an average rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Down 6.7%

NYSE:EXP traded down $14.55 during mid-day trading on Wednesday, hitting $203.49. The stock had a trading volume of 649,975 shares, compared to its average volume of 339,492. Eagle Materials Inc. has a twelve month low of $201.61 and a twelve month high of $321.93. The stock has a 50-day simple moving average of $223.68 and a two-hundred day simple moving average of $245.65. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.65 billion, a PE ratio of 14.54 and a beta of 1.36.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The firm had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Eagle Materials'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 earnings per share. On average, equities research analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

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.