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

Amalgamated Bank reduced its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,878 shares of the construction company's stock after selling 3,454 shares during the period. Amalgamated Bank's holdings in Eagle Materials were worth $4,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Eagle Bay Advisors LLC lifted its position in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock worth $26,000 after purchasing an additional 42 shares during the period. Arizona State Retirement System lifted its position in shares of Eagle Materials by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 9,644 shares of the construction company's stock worth $2,097,000 after purchasing an additional 56 shares during the period. Bessemer Group Inc. lifted its position in shares of Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after purchasing an additional 65 shares during the period. Trivant Custom Portfolio Group LLC lifted its position in shares of Eagle Materials by 3.2% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company's stock worth $744,000 after purchasing an additional 79 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Eagle Materials by 0.5% in the 3rd quarter. UMB Bank n.a. now owns 15,405 shares of the construction company's stock valued at $4,431,000 after acquiring an additional 79 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXP. Jefferies Financial Group lifted their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Stephens lifted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Finally, Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $303.78.

Insider Buying and Selling

In related news, Director George John Damiris sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now directly owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company's stock, valued at approximately $4,148,568. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Eagle Materials Stock Up 0.1 %

EXP traded up $0.33 during mid-day trading on Friday, reaching $311.88. 330,091 shares of the stock were exchanged, compared to its average volume of 307,590. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The stock has a market capitalization of $10.46 billion, a PE ratio of 22.03 and a beta of 1.32. The company has a 50 day moving average price of $281.50 and a two-hundred day moving average price of $254.88. Eagle Materials Inc. has a 1 year low of $164.45 and a 1 year high of $315.86.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to analysts' expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 earnings per share. As a group, research analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current year.

About Eagle Materials

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.