Lifestyle Asset Management Inc. Buys 457 Shares of Eagle Materials Inc. (NYSE:EXP)

Lifestyle Asset Management Inc. grew its position in Eagle Materials Inc. (NYSE:EXP) by 12.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,084 shares of the construction company’s stock after acquiring an additional 457 shares during the period. Lifestyle Asset Management Inc.’s holdings in Eagle Materials were worth $1,175,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EXP. Eagle Bay Advisors LLC grew its stake in shares of Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Arizona State Retirement System raised its position in shares of Eagle Materials by 0.6% during the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock worth $2,097,000 after acquiring an additional 56 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Trivant Custom Portfolio Group LLC lifted its position in Eagle Materials by 3.2% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company’s stock valued at $744,000 after purchasing an additional 79 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Eagle Materials by 0.5% during the third quarter. UMB Bank n.a. now owns 15,405 shares of the construction company’s stock worth $4,431,000 after buying an additional 79 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EXP. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group raised their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup upped their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group boosted their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $303.78.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $311.87 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 22.02 and a beta of 1.32. Eagle Materials Inc. has a twelve month low of $164.15 and a twelve month high of $315.86. The company has a 50-day simple moving average of $281.50 and a two-hundred day simple moving average of $254.88.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. Eagle Materials’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.28 earnings per share. Analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current year.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

About Eagle Materials

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.