Nuveen LLC Purchases Shares of 79,380 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 purchased a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 79,380 shares of the construction company's stock, valued at approximately $17,617,000. Nuveen LLC owned 0.24% of Eagle Materials at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Transce3nd LLC raised its position in shares of Eagle Materials by 9.7% during the first quarter. Transce3nd LLC now owns 552 shares of the construction company's stock worth $122,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC raised its position in shares of Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the period. Hsbc Holdings PLC raised its position in shares of Eagle Materials by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after purchasing an additional 55 shares during the period. State of Alaska Department of Revenue raised its position in shares of Eagle Materials by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock worth $3,868,000 after purchasing an additional 75 shares during the period. Finally, HighPoint Advisor Group LLC raised its position in shares of Eagle Materials by 3.8% during the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock worth $468,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Stock Down 0.9%

EXP stock traded down $2.1650 during mid-day trading on Monday, reaching $236.9050. The company had a trading volume of 269,677 shares, compared to its average volume of 398,823. 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 stock has a 50 day simple moving average of $218.48 and a two-hundred day simple moving average of $220.48. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 17.45 and a beta of 1.24. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly 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 firm had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. As a group, equities analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. 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. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Loop Capital increased their price objective on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Stephens set a $255.00 price objective on Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Eagle Materials currently has a consensus rating of "Hold" and a consensus target price of $255.33.

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.