Nisa Investment Advisors LLC Purchases 6,726 Shares of Eagle Materials Inc. (NYSE:EXP)

Nisa Investment Advisors LLC boosted its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 30.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,849 shares of the construction company’s stock after acquiring an additional 6,726 shares during the quarter. Nisa Investment Advisors LLC owned 0.09% of Eagle Materials worth $7,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC lifted its stake in shares of Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after acquiring an additional 878,400 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after purchasing an additional 652,836 shares during the period. Geode Capital Management LLC boosted its stake in shares of Eagle Materials by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after purchasing an additional 23,911 shares during the last quarter. Baupost Group LLC MA increased its position in shares of Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after buying an additional 158,171 shares during the period. Finally, Captrust Financial Advisors raised its stake in Eagle Materials by 2.7% during the third quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock worth $100,607,000 after buying an additional 9,216 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Up 0.4 %

NYSE:EXP opened at $262.28 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. Eagle Materials Inc. has a one year low of $204.27 and a one year high of $321.93. The company has a market cap of $8.80 billion, a PE ratio of 18.52 and a beta of 1.37. The firm has a 50-day moving average of $269.51 and a 200-day moving average of $268.67.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.28 earnings per share. As a group, equities research analysts expect that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s payout ratio is currently 7.06%.

Analysts Set New Price Targets

A number of brokerages have commented on EXP. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research note on Monday, November 25th. Stephens dropped their price target on Eagle Materials from $325.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial raised their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus price target of $300.89.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,866 shares of company stock worth $5,205,311. Corporate insiders own 1.60% of the company’s stock.

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.