NN Investment Partners Holdings N.V. reduced its holdings in shares of Eagle Materials, Inc. (NYSE:EXP) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,300 shares of the construction company’s stock after selling 860 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Eagle Materials were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sachem Head Capital Management LP increased its stake in Eagle Materials by 3.1% during the 1st quarter. Sachem Head Capital Management LP now owns 3,145,000 shares of the construction company’s stock worth $183,731,000 after buying an additional 95,000 shares during the period. Wells Fargo & Company MN increased its stake in Eagle Materials by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,673,267 shares of the construction company’s stock worth $97,752,000 after buying an additional 89,177 shares during the period. Bank of New York Mellon Corp increased its stake in Eagle Materials by 7.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,127,563 shares of the construction company’s stock worth $65,872,000 after buying an additional 79,621 shares during the period. Federated Hermes Inc. increased its stake in Eagle Materials by 13.2% during the 1st quarter. Federated Hermes Inc. now owns 1,055,838 shares of the construction company’s stock worth $61,683,000 after buying an additional 123,077 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in Eagle Materials by 31.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 833,523 shares of the construction company’s stock worth $58,530,000 after buying an additional 201,653 shares during the period. 95.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Eagle Materials stock opened at $80.23 on Friday. The company has a fifty day simple moving average of $72.61 and a 200-day simple moving average of $71.16. Eagle Materials, Inc. has a 12-month low of $41.83 and a 12-month high of $97.10. The company has a current ratio of 3.86, a quick ratio of 2.39 and a debt-to-equity ratio of 1.48. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 13.34 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, July 30th. The construction company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.47. Eagle Materials had a net margin of 8.34% and a return on equity of 25.94%. The business had revenue of $428.02 million during the quarter, compared to analysts’ expectations of $398.01 million. On average, analysts forecast that Eagle Materials, Inc. will post 5.23 earnings per share for the current fiscal year.

EXP has been the topic of several recent research reports. ValuEngine raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Cfra lowered their price target on shares of Eagle Materials from $102.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. TheStreet upgraded shares of Eagle Materials from a “d+” rating to a “c” rating in a report on Tuesday, May 19th. Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Goldman Sachs Group began coverage on shares of Eagle Materials in a report on Wednesday, June 3rd. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Eagle Materials presently has a consensus rating of “Buy” and an average price target of $82.60.

Eagle Materials Company Profile

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.

Further Reading: What is the balance sheet?

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

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