Eagle Materials Inc. (NYSE:EXP) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,264 shares of the construction company’s stock after selling 5,428 shares during the quarter. Raymond James & Associates owned approximately 0.19% of Eagle Materials worth $18,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXP. Eagle Bay Advisors LLC raised its position in Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Eagle Materials by 3.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after purchasing an additional 45 shares during the last quarter. Arizona State Retirement System lifted its stake in Eagle Materials by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after buying an additional 56 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in Eagle Materials by 3.2% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company’s stock worth $744,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXP shares. JPMorgan Chase & Co. raised their target price on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Stephens increased their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Citigroup upped their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.78.

Insider Transactions at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the sale, the chief financial officer now owns 60,488 shares in the company, valued at approximately $16,135,778.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total transaction of $512,838.06. Following the completion of the transaction, the insider now directly owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,851 shares of company stock worth $2,124,258. 1.60% of the stock is currently owned by insiders.

Eagle Materials Trading Down 0.5 %

EXP opened at $288.02 on Friday. The stock has a market capitalization of $9.75 billion, a PE ratio of 21.15 and a beta of 1.32. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $306.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The business’s 50 day moving average price is $274.72 and its 200 day moving average price is $252.14.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.57 by $0.37. The business had revenue of $608.69 million for the quarter, compared to analyst estimates of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.55 EPS. As a group, equities research analysts expect that Eagle Materials Inc. will post 15.9 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.34%.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.