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Eagle Materials (NYSE:EXP) Director F William Barnett sold 22,468 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $99.51, for a total value of $2,235,790.68. Following the completion of the transaction, the director now directly owns 8,589 shares in the company, valued at approximately $854,691. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Eagle Materials (NYSE:EXP) traded down 0.51% on Friday, hitting $99.01. 328,122 shares of the company’s stock traded hands. Eagle Materials has a one year low of $63.53 and a one year high of $99.62. The stock has a 50-day moving average of $93.6 and a 200-day moving average of $88.36. The company has a market cap of $4.970 billion and a price-to-earnings ratio of 37.70.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, July 22nd. The company reported $0.75 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.89 by $0.14. The company had revenue of $266.30 million for the quarter, compared to the consensus estimate of $274.68 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, analysts predict that Eagle Materials will post $3.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, October 1st.

A number of research firms have recently commented on EXP. Analysts at Zacks upgraded shares of Eagle Materials from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $99.30 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Eagle Materials to $124.00 in a research note on Friday, June 20th.

Eagle Materials Inc (NYSE:EXP) is engaged in the manufacture and distribution of gypsum wallboard and the manufacture and sale of cement.

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