Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. increased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 8.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,535 shares of the construction company’s stock after purchasing an additional 200 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Eagle Materials were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EXP. First Trust Advisors LP grew its stake in shares of Eagle Materials by 8.6% during the first quarter. First Trust Advisors LP now owns 57,097 shares of the construction company’s stock worth $4,813,000 after purchasing an additional 4,501 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Eagle Materials by 4,574.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,872 shares of the construction company’s stock valued at $6,143,000 after acquiring an additional 71,313 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Eagle Materials by 1.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the construction company’s stock valued at $1,064,000 after acquiring an additional 100 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Eagle Materials in the fourth quarter valued at $215,000. Finally, Park Avenue Securities LLC purchased a new stake in Eagle Materials in the fourth quarter valued at $279,000. Hedge funds and other institutional investors own 94.24% of the company’s stock.

NYSE EXP opened at $151.63 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 42.24 and a beta of 1.30. Eagle Materials Inc. has a 52-week low of $52.26 and a 52-week high of $153.30. The firm has a 50-day moving average price of $140.15 and a 200 day moving average price of $116.26. The company has a quick ratio of 2.58, a current ratio of 3.98 and a debt-to-equity ratio of 1.07.

In other Eagle Materials news, Director Richard Ross Stewart sold 3,924 shares of the company’s stock in a transaction dated Tuesday, February 23rd. The shares were sold at an average price of $123.77, for a total transaction of $485,673.48. Following the transaction, the director now directly owns 9,695 shares in the company, valued at $1,199,950.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Haack sold 9,907 shares of the company’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $137.78, for a total transaction of $1,364,986.46. Following the transaction, the chief executive officer now owns 57,141 shares in the company, valued at $7,872,886.98. The disclosure for this sale can be found here. Insiders have sold 20,331 shares of company stock valued at $2,676,060 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

EXP has been the subject of a number of research reports. Loop Capital boosted their price target on shares of Eagle Materials from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday. Raymond James boosted their price target on shares of Eagle Materials from $130.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, May 10th. Truist boosted their price target on shares of Eagle Materials from $135.00 to $160.00 in a research report on Wednesday, March 31st. Jefferies Financial Group raised shares of Eagle Materials from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $170.00 in a report on Monday, May 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 22nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Eagle Materials has a consensus rating of “Buy” and a consensus price target of $129.50.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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