Eagle Materials Inc. (NYSE:EXP) shares gapped up before the market opened 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.

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

The company has a market cap of $3.96 billion and a PE ratio of 25.44. The stock has a 50-day moving average price of $80.56 and a 200 day moving average price of $71.68.

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

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

In other Eagle Materials news, CFO Dale Craig Kesler sold 32,184 shares of Eagle Materials stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $79.65, for a total value of $2,563,455.60. Following the completion of the transaction, the chief financial officer now directly 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 is available through this hyperlink. Also, Director Richard Ross Stewart sold 10,888 shares of Eagle Materials 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 completion of the transaction, the director now directly owns 5,874 shares of the company’s stock, valued at $427,862.16. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in EXP. Russell Frank Co boosted its position 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 in the last quarter. Trexquant Investment LP boosted 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 worth $1,313,000 after buying an additional 11,872 shares during the period. Employees Retirement System of Texas boosted 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 worth $10,757,000 after buying an additional 56,000 shares during the period. Finally, Airain ltd acquired a new position in Eagle Materials during the fourth quarter worth approximately $1,113,000.

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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