Lifestyle Asset Management Inc. Purchases New Position in Eagle Materials Inc. (NYSE:EXP)

Lifestyle Asset Management Inc. purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,773 shares of the construction company’s stock, valued at approximately $1,025,000.

Other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new position in Eagle Materials during the fourth quarter valued at approximately $1,085,000. NewEdge Wealth LLC raised its position in Eagle Materials by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock valued at $18,071,000 after acquiring an additional 10,514 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Eagle Materials during the fourth quarter valued at approximately $1,988,000. Van ECK Associates Corp raised its position in Eagle Materials by 39.7% during the fourth quarter. Van ECK Associates Corp now owns 10,537 shares of the construction company’s stock valued at $2,137,000 after acquiring an additional 2,993 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of Eagle Materials by 261.8% in the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock valued at $176,870,000 after buying an additional 630,964 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 1.5 %

NYSE EXP traded up $3.13 on Wednesday, reaching $217.52. 167,167 shares of the company were exchanged, compared to its average volume of 305,355. The business’s fifty day moving average price is $238.86 and its 200 day moving average price is $237.11. The stock has a market capitalization of $7.37 billion, a P/E ratio of 15.97 and a beta of 1.32. The company has a current ratio of 2.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $276.61.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The company had revenue of $476.70 million for the quarter, compared to analyst estimates of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $2.79 EPS. Analysts forecast that Eagle Materials Inc. will post 16.01 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EXP shares. JPMorgan Chase & Co. boosted their price objective on Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. The Goldman Sachs Group boosted their price objective on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Raymond James boosted their price objective on Eagle Materials from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Stifel Nicolaus lowered their price target on Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, Stephens lifted their price target on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $279.67.

Eagle Materials Company 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.