GYL Financial Synergies LLC has $316,000 position in Eagle Materials Inc. (NYSE:EXP)

GYL Financial Synergies LLC increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP – Free Report) by 56.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,452 shares of the construction company’s stock after buying an additional 525 shares during the quarter. GYL Financial Synergies LLC’s holdings in Eagle Materials were worth $316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of Eagle Materials by 9.3% in the first quarter. Fifth Third Bancorp now owns 494 shares of the construction company’s stock worth $134,000 after buying an additional 42 shares during the period. Eagle Bay Advisors LLC raised its position in shares of Eagle Materials by 79.2% in 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. Wealthcare Advisory Partners LLC boosted its stake in shares of Eagle Materials by 3.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after purchasing an additional 45 shares during the period. Meritage Portfolio Management grew its holdings in Eagle Materials by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after buying an additional 47 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Eagle Materials by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock valued at $104,000 after acquiring an additional 54 shares during the period. Institutional investors own 96.07% of the company’s shares.

Insider trading at Eagle Materials

In related news, insider Eric Cribbs sold 1,851 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total transaction of $512,838.06. Following the sale, the insider now directly owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Eagle Materials news, insider Eric Cribbs sold 1,851 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the sale, the insider now owns 13,937 shares in the company, valued at $3,861,385.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s shares.

Analysts on Wall Street are forecasting an increase

EXP has been the subject of a number of research reports. Jefferies Financial Group lifted their price target on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Raymond James cut shares of Eagle Materials from a “moderate-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Citigroup upped their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stephens upped their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $289.78.

Get the latest stock analysis on Eagle Materials

Eagle Materials stock performance

Shares of NYSE:EXP opened at $265.84 on Friday. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $279.69. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 19.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45, and a quick ratio of 1.06. The company’s 50-day simple moving average is $234.19, and its 200-day simple moving average is $245.01.

Eagle Materials (NYSE:EXP – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company had revenue of $608.69 million for the quarter, compared to analyst estimates of $622.06 million. In the same quarter last year, the company posted EPS of $3.55. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that Eagle Materials Inc. will show 15.95 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, September 17th. Eagle Materials’s payout ratio is 7.34%.

Eagle Materials Profile

(Free report)

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light construction materials in the United States. It operates in four segments: cement, concrete and aggregates, gypsum board and recycled board. The Company is engaged in the mining of limestone for the manufacture, production, distribution and sale of Portland cement, including Portland Limestone Cement; grinding and marketing of slag; and exploitation of gypsum for the manufacture and sale of plasterboard used for finishing interior walls and ceilings in residential, commercial and industrial structures, as well as cardboard for containers and light packaging; manufacture and sale of recycled cardboard to the plasterboard industry and other cardboard converters; sale of ready-mixed concrete; and the mining and sale of aggregates such as crushed stone, sand and gravel.

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