Nuveen Asset Management LLC Sells 3,373 Shares of Eagle Materials Inc. (NYSE:EXP)

Nuveen Asset Management LLC lessened its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,488 shares of the construction company’s stock after selling 3,373 shares during the quarter. Nuveen Asset Management LLC owned 0.19% of Eagle Materials worth $15,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in shares of Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock worth $10,915,000 after buying an additional 16,645 shares during the period. ArrowMark Colorado Holdings LLC bought a new position in shares of Eagle Materials during the 4th quarter worth approximately $28,778,000. Proficio Capital Partners LLC bought a new position in shares of Eagle Materials during the 4th quarter worth approximately $8,890,000. Empowered Funds LLC lifted its position in shares of Eagle Materials by 242.4% during the 4th quarter. Empowered Funds LLC now owns 7,789 shares of the construction company’s stock worth $1,922,000 after buying an additional 5,514 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after purchasing an additional 652,836 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.5%

Shares of Eagle Materials stock opened at $214.77 on Monday. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 12 month low of $201.61 and a 12 month high of $321.93. The business has a fifty day simple moving average of $223.74 and a 200 day simple moving average of $246.53. The stock has a market cap of $7.15 billion, a PE ratio of 15.34 and a beta of 1.36.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The company had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same period last year, the firm earned $2.24 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Eagle Materials’s payout ratio is 7.27%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EXP shares. Stephens set a $255.00 price objective on Eagle Materials and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Wall Street Zen downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial dropped their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, DA Davidson dropped their target price on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Eagle Materials has an average rating of “Hold” and an average target price of $260.00.

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.