Northwestern Mutual Investment Management Company LLC Trims Stock Holdings in Eagle Materials, Inc. (NYSE:EXP)

Northwestern Mutual Investment Management Company LLC trimmed its stake in shares of Eagle Materials, Inc. (NYSE:EXP) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,166 shares of the construction company’s stock after selling 697 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Eagle Materials were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Eagle Materials by 1.1% during the fourth quarter. BlackRock Inc. now owns 4,328,050 shares of the construction company’s stock worth $264,142,000 after acquiring an additional 45,955 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Eagle Materials by 3.5% during the first quarter. Wells Fargo & Company MN now owns 2,657,278 shares of the construction company’s stock worth $224,008,000 after acquiring an additional 90,249 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Eagle Materials by 4.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,299,538 shares of the construction company’s stock worth $140,339,000 after acquiring an additional 94,338 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Eagle Materials by 1,587.1% during the fourth quarter. Two Sigma Advisers LP now owns 504,078 shares of the construction company’s stock worth $30,764,000 after acquiring an additional 474,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Eagle Materials by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 498,229 shares of the construction company’s stock worth $30,407,000 after acquiring an additional 31,233 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Eagle Materials stock traded down $4.61 during midday trading on Monday, hitting $88.09. The company had a trading volume of 663,131 shares, compared to its average volume of 677,992. Eagle Materials, Inc. has a 12-month low of $57.00 and a 12-month high of $111.42. The company has a current ratio of 2.38, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $4.01 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.30. The business has a fifty day moving average price of $88.68.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, May 16th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $284.70 million during the quarter, compared to analyst estimates of $278.70 million. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. Eagle Materials’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. As a group, sell-side analysts anticipate that Eagle Materials, Inc. will post 5.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, June 20th. Eagle Materials’s dividend payout ratio (DPR) is 7.92%.

EXP has been the topic of a number of recent research reports. TheStreet raised shares of Eagle Materials from a “c+” rating to a “b-” rating in a research note on Monday, April 15th. Berenberg Bank initiated coverage on shares of Eagle Materials in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $103.00 target price on the stock. Macquarie set a $100.00 target price on shares of Eagle Materials and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Citigroup increased their target price on shares of Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, SunTrust Banks started coverage on shares of Eagle Materials in a report on Monday, March 25th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $98.23.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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