Amalgamated Bank Lowers Position in Eagle Materials Inc. (NYSE:EXP)

Amalgamated Bank cut its stake in Eagle Materials Inc. (NYSE:EXPGet Rating) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,367 shares of the construction company’s stock after selling 1,726 shares during the period. Amalgamated Bank’s holdings in Eagle Materials were worth $3,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Prospera Financial Services Inc bought a new position in shares of Eagle Materials during the first quarter valued at approximately $42,000. Meeder Asset Management Inc. grew its position in Eagle Materials by 90.9% in the 1st quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company’s stock worth $60,000 after purchasing an additional 220 shares during the period. Odey Asset Management Group Ltd bought a new stake in Eagle Materials in the 4th quarter worth approximately $117,000. CWM LLC grew its position in Eagle Materials by 406.4% in the 1st quarter. CWM LLC now owns 1,023 shares of the construction company’s stock worth $131,000 after purchasing an additional 821 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Eagle Materials during the 1st quarter worth $142,000. 93.41% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $108.51 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.37 and a current ratio of 2.39. The company has a market cap of $4.09 billion, a P/E ratio of 11.26 and a beta of 1.29. The firm’s fifty day moving average is $122.67 and its two-hundred day moving average is $123.30. Eagle Materials Inc. has a 52-week low of $105.34 and a 52-week high of $169.15.

Eagle Materials (NYSE:EXPGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The construction company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.09. The company had revenue of $561.39 million for the quarter, compared to the consensus estimate of $561.82 million. Eagle Materials had a net margin of 19.72% and a return on equity of 33.25%. As a group, analysts anticipate that Eagle Materials Inc. will post 11.45 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. Eagle Materials’s dividend payout ratio (DPR) is presently 10.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXP shares. Stephens dropped their price target on shares of Eagle Materials to $170.00 in a research note on Tuesday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $130.00 to $140.00 in a research note on Thursday. Citigroup lifted their target price on shares of Eagle Materials to $146.00 in a research note on Tuesday, August 9th. Finally, StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.00.

About Eagle Materials

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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