Eagle Materials Inc. (NYSE:EXP)’s share price was up 4.1% on Wednesday . The company traded as high as $84.09 and last traded at $83.32, with a volume of 894,575 shares changing hands. The stock had previously closed at $80.07.

A number of equities analysts recently weighed in on EXP shares. BB&T Corp. raised Eagle Materials from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Monday, March 28th. Standpoint Research initiated coverage on Eagle Materials in a report on Monday, March 28th. They set an “accumulate” rating and a $91.00 price objective on the stock. Goldman Sachs Group Inc. raised their price target on Eagle Materials from $55.00 to $65.00 in a research report on Monday, March 28th. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Finally, Citigroup Inc. raised their price target on Eagle Materials from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Eagle Materials has an average rating of “Buy” and an average target price of $79.00.

The company has a market cap of $4.03 billion and a price-to-earnings ratio of 27.38. The stock has a 50-day moving average of $78.59 and a 200-day moving average of $68.16.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, May 18th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.16. The firm earned $252.10 million during the quarter, compared to the consensus estimate of $226.21 million. During the same period last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts predict that Eagle Materials Inc. will post $4.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Monday, June 20th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 16th. This represents a $0.40 annualized dividend and a yield of 0.48%.

In other Eagle Materials news, CFO Dale Craig Kesler sold 32,184 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $79.65, for a total transaction of $2,563,455.60. Following the sale, the chief financial officer now owns 95,620 shares of the company’s stock, valued at approximately $7,616,133. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 10,888 shares of the stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $72.84, for a total value of $793,081.92. Following the sale, the director now directly owns 5,874 shares in the company, valued at approximately $427,862.16. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in the stock. Russell Frank Co boosted its stake in shares of Eagle Materials by 89.7% in the fourth quarter. Russell Frank Co now owns 52,197 shares of the company’s stock valued at $3,137,000 after buying an additional 24,682 shares during the period. Rhumbline Advisers boosted its stake in shares of Eagle Materials by 0.7% in the fourth quarter. Rhumbline Advisers now owns 93,665 shares of the company’s stock valued at $5,660,000 after buying an additional 645 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Eagle Materials by 2.6% in the fourth quarter. New York State Common Retirement Fund now owns 137,220 shares of the company’s stock valued at $8,292,000 after buying an additional 3,482 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Eagle Materials by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 32,477 shares of the company’s stock valued at $1,961,000 after buying an additional 11,017 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Eagle Materials by 51.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,453,575 shares of the company’s stock valued at $87,839,000 after buying an additional 493,939 shares during the period.

Eagle Materials Inc manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas.

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