Lifestyle Asset Management Inc. Buys 105 Shares of Eagle Materials Inc. (NYSE:EXP)

Lifestyle Asset Management Inc. lifted its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,189 shares of the construction company’s stock after acquiring an additional 105 shares during the period. Lifestyle Asset Management Inc.’s holdings in Eagle Materials were worth $1,034,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Eagle Materials during the 3rd quarter worth $64,000. Quent Capital LLC lifted its holdings in shares of Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock worth $176,000 after acquiring an additional 140 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Eagle Materials by 23.5% in the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after purchasing an additional 120 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Eagle Materials by 789.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after purchasing an additional 624 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Activity at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,866 shares of company stock worth $5,205,311 over the last 90 days. 1.60% of the stock is owned by company insiders.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $261.27 on Friday. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 18.45 and a beta of 1.37. The company has a 50-day moving average price of $270.29 and a 200-day moving average price of $268.33. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 12 month low of $204.27 and a 12 month high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter in the prior year, the firm earned $4.28 EPS. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Eagle Materials Inc. will post 15.11 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s dividend payout ratio is currently 7.06%.

Analysts Set New Price Targets

EXP has been the subject of several recent research reports. Stephens lowered their price target on shares of Eagle Materials from $325.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday. Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Eagle Materials has an average rating of “Hold” and a consensus target price of $300.89.

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.