Eagle Materials Inc. (NYSE:EXP) shares were down 3.3% during trading on Wednesday . The company traded as low as $78.73 and last traded at $80.17, with a volume of 574,438 shares. The stock had previously closed at $82.94.

A number of research analysts recently commented on EXP shares. Sterne Agee CRT reissued a “buy” rating on shares of Eagle Materials in a report on Monday, May 16th. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, June 29th. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. DA Davidson decreased their price objective 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 downgraded Eagle Materials from a “strong-buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $83.13.

The firm has a market cap of $3.88 billion and a P/E ratio of 24.91. The company’s 50-day moving average is $82.40 and its 200 day moving average is $74.71.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, October 5th.

In other Eagle Materials news, Director Richard Ross Stewart sold 10,888 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director F William Barnett sold 16,221 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $85.77, for a total value of $1,391,275.17. Following the transaction, the director now owns 7,519 shares in the company, valued at approximately $644,904.63. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Eagle Materials stock. Airain ltd bought a new stake in Eagle Materials Inc. (NYSE:EXP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,417 shares of the company’s stock, valued at 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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