Shares of Eagle Materials Inc. (NYSE:EXP) gapped up prior to trading on Thursday . The stock had previously closed at $81.08, but opened at $81.26. Eagle Materials shares last traded at $82.20, with a volume of 393,290 shares traded.

EXP has been the topic of several research reports. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. TheStreet upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, April 15th. Sterne Agee CRT reiterated a “buy” rating on shares of Eagle Materials in a research note on Monday, May 16th. DA Davidson reduced their target price on shares of Eagle Materials from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Finally, CL King downgraded shares of Eagle Materials from a “strong-buy” rating to a “neutral” rating in a research note on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Buy” and an average price target of $83.13.

The stock has a market capitalization of $3.96 billion and a P/E ratio of 25.44. The company’s 50-day moving average is $80.51 and its 200 day moving average is $71.43.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Monday, July 25th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $297 million for the quarter, compared to analyst estimates of $295.49 million. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Equities analysts forecast that Eagle Materials Inc. will post $4.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.49%.

In other news, EVP Robert S. Stewart sold 12,098 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $85.08, for a total transaction of $1,029,297.84. Following the transaction, the executive vice president now directly owns 66,779 shares in the company, valued at approximately $5,681,557.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Ross Stewart sold 10,888 shares of the business’s stock in a transaction dated 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 $427,862.16. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Airain ltd purchased a new position in Eagle Materials during the fourth quarter valued at $1,113,000. Trexquant Investment LP raised its position in Eagle Materials by 120.4% in the fourth quarter. Trexquant Investment LP now owns 21,732 shares of the company’s stock valued at $1,313,000 after buying an additional 11,872 shares in the last quarter. Russell Frank Co raised its position in 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 in the last quarter. Finally, Employees Retirement System of Texas raised 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 in the last quarter.

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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