Allworth Financial LP Decreases Holdings in Eagle Materials Inc $EXP

Allworth Financial LP reduced its position in Eagle Materials Inc (NYSE:EXP) by 90.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867 shares of the construction company’s stock after selling 8,397 shares during the period. Allworth Financial LP’s holdings in Eagle Materials were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EXP. Swiss Life Asset Management Ltd purchased a new position in Eagle Materials in the third quarter worth about $357,000. Centaurus Financial Inc. increased its position in shares of Eagle Materials by 7.1% during the 3rd quarter. Centaurus Financial Inc. now owns 2,503 shares of the construction company’s stock valued at $583,000 after purchasing an additional 165 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Eagle Materials during the 3rd quarter valued at about $70,000. Morningstar Investment Management LLC bought a new position in shares of Eagle Materials in the 3rd quarter worth approximately $426,000. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of Eagle Materials by 5.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 1,802 shares of the construction company’s stock worth $420,000 after purchasing an additional 89 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $182.35 on Friday. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 13.80 and a beta of 1.35. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The firm’s 50-day moving average is $211.91 and its 200 day moving average is $219.11. 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 announced its quarterly earnings data 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). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period in the previous year, the business earned $3.59 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on EXP shares. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $215.00 price target (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Truist Financial restated a “hold” rating and issued a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Finally, DA Davidson reduced their price target on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has an average 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.