Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 60.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,331 shares of the construction company’s stock after buying an additional 1,632 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Eagle Materials were worth $462,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Eagle Materials by 474.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after purchasing an additional 949 shares during the last quarter. IFP Advisors Inc grew its position in shares of Eagle Materials by 8.3% during the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after buying an additional 91 shares during the period. Pacad Investment Ltd. grew its position in shares of Eagle Materials by 116.7% during the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after buying an additional 700 shares during the period. Global X Management Co. LLC grew its position in shares of Eagle Materials by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after buying an additional 1,056 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Eagle Materials by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.
Several equities analysts recently issued reports on EXP shares. Stifel Nicolaus boosted their price objective on Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Standpoint Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $122.50.
Eagle Materials Inc (EXP) traded up $0.38 during mid-day trading on Thursday, reaching $111.68. The company’s stock had a trading volume of 532,400 shares, compared to its average volume of 570,421. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. The company has a market cap of $5,411.97, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. Eagle Materials Inc has a 1 year low of $86.51 and a 1 year high of $114.96.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.22). The firm had revenue of $376.30 million for the quarter, compared to the consensus estimate of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. equities research analysts expect that Eagle Materials Inc will post 5.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be given a $0.10 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 0.36%. Eagle Materials’s dividend payout ratio is presently 9.17%.
In other Eagle Materials news, SVP William R. Devlin sold 7,183 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $107.00, for a total value of $768,581.00. Following the sale, the senior vice president now directly owns 28,321 shares in the company, valued at $3,030,347. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the sale, the chief financial officer now owns 56,778 shares in the company, valued at $6,338,695.92. The disclosure for this sale can be found here. Insiders have sold 84,968 shares of company stock valued at $9,325,808 over the last 90 days. 4.10% of the stock is owned by corporate insiders.
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Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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