Shares of Eagle Materials Inc. (NYSE:EXP) saw an uptick in trading volume on Friday . 794,117 shares changed hands during trading, an increase of 16% from the previous session’s volume of 683,758 shares.The stock last traded at $83.82 and had previously closed at $82.94.

EXP has been the subject of a number of analyst reports. Citigroup Inc. raised their target price on shares of Eagle Materials from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 18th. Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Goldman Sachs Group Inc. raised their target price on shares of Eagle Materials from $55.00 to $65.00 in a research report on Monday, March 28th. Finally, Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “strong-buy” rating and set a $96.00 target price for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Eagle Materials presently has an average rating of “Buy” and an average target price of $80.38.

The company’s 50-day moving average price is $79.01 and its 200 day moving average price is $68.54. The stock has a market capitalization of $4.05 billion and a P/E ratio of 27.51.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, May 18th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.16. The company had revenue of $252.10 million for the quarter, compared to analyst estimates of $226.21 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. On average, analysts expect that Eagle Materials Inc. will post $4.34 earnings per share for the current year.

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

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

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in 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 last quarter. Hodges Capital Management Inc. increased its position in Eagle Materials by 4.9% in the fourth quarter. Hodges Capital Management Inc. now owns 881,388 shares of the company’s stock valued at $53,262,000 after buying an additional 40,939 shares during the last quarter. Employees Retirement System of Texas increased its position in Eagle Materials by 45.9% in the fourth quarter. Employees Retirement System of Texas now owns 178,000 shares of the company’s stock valued at $10,757,000 after buying an additional 56,000 shares during the last quarter. New York State Common Retirement Fund increased its position in 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 last quarter. Finally, Monarch Partners Asset Management LLC increased its position in Eagle Materials by 41.5% in the fourth quarter. Monarch Partners Asset Management LLC now owns 99,001 shares of the company’s stock valued at $5,983,000 after buying an additional 29,020 shares during the last quarter.

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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