Raymond James Financial Services Advisors Inc. Sells 3,621 Shares of Eagle Materials Inc. (NYSE:EXP)

Raymond James Financial Services Advisors Inc. reduced its holdings in shares of Eagle Materials Inc. (NYSE:EXPGet Rating) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,088 shares of the construction company’s stock after selling 3,621 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Eagle Materials were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. First Dallas Securities Inc. boosted its position in Eagle Materials by 0.9% during the second quarter. First Dallas Securities Inc. now owns 11,010 shares of the construction company’s stock worth $1,210,000 after purchasing an additional 100 shares during the period. Centaurus Financial Inc. raised its holdings in Eagle Materials by 2.1% in the 2nd quarter. Centaurus Financial Inc. now owns 4,785 shares of the construction company’s stock valued at $526,000 after acquiring an additional 100 shares during the period. Securian Asset Management Inc. lifted its position in Eagle Materials by 2.8% during the second quarter. Securian Asset Management Inc. now owns 3,643 shares of the construction company’s stock worth $401,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Eagle Materials by 45.7% during the second quarter. Fifth Third Bancorp now owns 325 shares of the construction company’s stock worth $36,000 after acquiring an additional 102 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Eagle Materials by 6.5% in the second quarter. Inspire Investing LLC now owns 1,929 shares of the construction company’s stock valued at $212,000 after purchasing an additional 117 shares during the last quarter. 93.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXP has been the subject of several recent research reports. Stephens boosted their price target on Eagle Materials from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, October 27th. Loop Capital upped their price target on shares of Eagle Materials from $135.00 to $145.00 in a research note on Wednesday, January 11th. StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Tuesday, December 20th. Citigroup boosted their price objective on shares of Eagle Materials from $138.00 to $168.00 in a report on Tuesday, January 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Eagle Materials from $146.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and an average target price of $147.25.

Eagle Materials Stock Performance

NYSE EXP opened at $142.18 on Tuesday. The firm’s 50 day simple moving average is $135.91 and its 200 day simple moving average is $125.37. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 13.04 and a beta of 1.28. The company has a current ratio of 2.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. Eagle Materials Inc. has a 1 year low of $101.98 and a 1 year high of $150.28.

Eagle Materials (NYSE:EXPGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.14. Eagle Materials had a return on equity of 36.53% and a net margin of 20.60%. The company had revenue of $605.07 million for the quarter, compared to analyst estimates of $603.60 million. As a group, research analysts expect that Eagle Materials Inc. will post 12.25 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Friday, December 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. Eagle Materials’s dividend payout ratio (DPR) is currently 9.17%.

Eagle Materials Profile

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.

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

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