Amalgamated Bank Sells 219 Shares of Eagle Materials Inc. (NYSE:EXP)

Amalgamated Bank reduced its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 16,659 shares of the construction company’s stock after selling 219 shares during the period. Amalgamated Bank’s holdings in Eagle Materials were worth $4,111,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Eagle Materials during the third quarter valued at approximately $64,000. R Squared Ltd bought a new position in Eagle Materials during the 4th quarter valued at approximately $81,000. GAMMA Investing LLC raised its stake in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after buying an additional 65 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Eagle Materials in the fourth quarter worth $170,000. Finally, Central Pacific Bank Trust Division grew its stake in shares of Eagle Materials by 20.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company’s stock worth $188,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $296.80.

Insiders Place Their Bets

In related news, Director Michael R. Nicolais acquired 310 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were purchased at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

EXP stock opened at $226.13 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. Eagle Materials Inc. has a 1 year low of $211.44 and a 1 year high of $321.93. The company has a market cap of $7.53 billion, a P/E ratio of 16.15 and a beta of 1.37. The stock’s fifty day moving average price is $247.57 and its 200-day moving average price is $269.81.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. On average, equities analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Eagle Materials’s dividend payout ratio is currently 7.14%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.