Raymond James Financial Services Advisors Inc. Has $760,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Raymond James Financial Services Advisors Inc. cut its position in shares of Eagle Materials Inc. (NYSE:EXPGet Rating) by 33.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BerganKDV Wealth Management LLC grew its holdings in Eagle Materials by 7.5% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 6,611 shares of the construction company’s stock worth $709,000 after acquiring an additional 464 shares during the period. Foundry Partners LLC grew its stake in Eagle Materials by 2.4% during the third quarter. Foundry Partners LLC now owns 42,774 shares of the construction company’s stock worth $4,585,000 after purchasing an additional 985 shares during the period. First Dallas Securities Inc. increased its holdings in Eagle Materials by 7.5% in the third quarter. First Dallas Securities Inc. now owns 11,837 shares of the construction company’s stock worth $1,268,000 after purchasing an additional 827 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Eagle Materials by 8.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 26,321 shares of the construction company’s stock valued at $2,821,000 after buying an additional 1,976 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Eagle Materials by 4.4% during the 3rd quarter. Whittier Trust Co. now owns 50,275 shares of the construction company’s stock worth $5,388,000 after buying an additional 2,111 shares in the last quarter. Institutional investors own 93.67% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of a number of research reports. Citigroup boosted their target price on shares of Eagle Materials from $138.00 to $168.00 in a research report on Tuesday, January 10th. StockNews.com raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research report on Tuesday, December 20th. The Goldman Sachs Group reduced their target price on Eagle Materials from $146.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 14th. Stephens upped their price target on Eagle Materials from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. Finally, Raymond James reduced their price objective on Eagle Materials from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.25.

Eagle Materials Price Performance

EXP stock opened at $142.18 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 2.48. The business has a 50-day simple moving average of $135.91 and a two-hundred day simple moving average of $125.37. The company has a market capitalization of $5.24 billion, a P/E ratio of 13.04 and a beta of 1.28. Eagle Materials Inc. has a 52-week low of $101.98 and a 52-week high of $150.28.

Eagle Materials (NYSE:EXPGet Rating) last announced its 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. The company had revenue of $605.07 million for the quarter, compared to analysts’ expectations of $603.60 million. Eagle Materials had a return on equity of 36.53% and a net margin of 20.60%. Research analysts expect that Eagle Materials Inc. will post 12.25 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company 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 of this dividend was Thursday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. Eagle Materials’s dividend payout ratio is currently 9.17%.

Eagle Materials Profile

(Get Rating)

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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