Allworth Financial LP Has $202,000 Stake in Eagle Materials Inc $EXP

Allworth Financial LP cut its position in shares of Eagle Materials Inc (NYSE:EXP) by 90.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 867 shares of the construction company’s stock after selling 8,397 shares during the quarter. Allworth Financial LP’s holdings in Eagle Materials were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Swiss Life Asset Management Ltd bought a new stake in shares of Eagle Materials during the 3rd quarter valued at about $357,000. Centaurus Financial Inc. raised its stake in Eagle Materials by 7.1% during the 3rd quarter. Centaurus Financial Inc. now owns 2,503 shares of the construction company’s stock worth $583,000 after buying an additional 165 shares during the period. Danske Bank A S bought a new position in Eagle Materials in the third quarter worth approximately $70,000. Morningstar Investment Management LLC bought a new position in Eagle Materials in the third quarter worth approximately $426,000. Finally, Kestra Private Wealth Services LLC grew its stake in Eagle Materials by 5.2% in the third quarter. Kestra Private Wealth Services LLC now owns 1,802 shares of the construction company’s stock valued at $420,000 after acquiring an additional 89 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.9%

Eagle Materials stock opened at $182.35 on Friday. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The business’s fifty day simple moving average is $211.91 and its two-hundred day simple moving average is $219.11. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 13.80 and a beta of 1.35. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). The firm had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $3.59 earnings per share. As a group, equities analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio is presently 7.57%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXP. DA Davidson dropped their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Citigroup reduced their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Stephens reaffirmed an “equal weight” rating and issued a $245.00 price objective on shares of Eagle Materials in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.36.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.