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

Lifestyle Asset Management Inc. boosted its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,189 shares of the construction company’s stock after purchasing an additional 105 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Eagle Materials were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Eagle Materials by 30.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 28,849 shares of the construction company’s stock worth $7,126,000 after acquiring an additional 6,726 shares during the period. Sheets Smith Wealth Management raised its position in Eagle Materials by 3.7% in the fourth quarter. Sheets Smith Wealth Management now owns 2,583 shares of the construction company’s stock worth $637,000 after acquiring an additional 92 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Eagle Materials by 24.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 83,378 shares of the construction company’s stock worth $20,574,000 after acquiring an additional 16,140 shares during the period. Artemis Investment Management LLP raised its position in Eagle Materials by 16.2% in the fourth quarter. Artemis Investment Management LLP now owns 270,711 shares of the construction company’s stock worth $66,801,000 after acquiring an additional 37,689 shares during the period. Finally, J2 Capital Management Inc bought a new position in Eagle Materials in the fourth quarter worth approximately $284,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXP. Truist Financial increased their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stephens reduced their price objective 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. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Hold” and an average price target of $300.89.

Eagle Materials Stock Performance

EXP opened at $261.27 on Friday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.45 and a beta of 1.37. The company has a fifty day moving average of $270.29 and a 200 day moving average of $268.33. Eagle Materials Inc. has a fifty-two week low of $204.27 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 earnings per share. As a group, sell-side analysts forecast that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.38%. Eagle Materials’s payout ratio is currently 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock valued at $5,205,311 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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.