Nuveen LLC Invests $17.62 Million in Eagle Materials Inc $EXP

Key Points

• Nuveen LLC acquired a new stake in Eagle Materials, buying 79,380 shares valued at approximately $17.6 million, which represents about 0.24% of the company's stock.
• Eagle Materials reported a quarterly EPS of $3.76, exceeding analysts' expectations of $3.73, along with a revenue of $634.69 million for the quarter.
• The company declared a quarterly dividend of $0.25 per share, with the annualized dividend amounting to $1.00 and a yield of 0.4%.

Nuveen LLC acquired a new stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 79,380 shares of the construction company's stock, valued at approximately $17,617,000. Nuveen LLC owned approximately 0.24% of Eagle Materials as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its position in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after acquiring an additional 52 shares in the last quarter. Private Trust Co. NA boosted its position in Eagle Materials by 39.0% during the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after acquiring an additional 80 shares in the last quarter. Assetmark Inc. boosted its position in Eagle Materials by 486.6% during the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after acquiring an additional 326 shares in the last quarter. LGT Financial Advisors LLC boosted its position in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after purchasing an additional 131 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Up 5.4%

NYSE EXP traded up $12.2050 during mid-day trading on Friday, reaching $239.0350. The stock had a trading volume of 430,922 shares, compared to its average volume of 394,570. The stock has a market cap of $7.76 billion, a PE ratio of 17.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The company has a fifty day moving average price of $217.69 and a 200 day moving average price of $221.12. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, beating analysts' consensus estimates of $3.73 by $0.03. The business had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. On average, research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio is 7.36%.

Analyst Ratings Changes

A number of brokerages have recently commented on EXP. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. DA Davidson dropped their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $255.33.

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.