Amalgamated Bank Sells 657 Shares of Eagle Materials Inc (NYSE:EXP)

Amalgamated Bank decreased its stake in Eagle Materials Inc (NYSE:EXP) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,002 shares of the construction company’s stock after selling 657 shares during the period. Amalgamated Bank’s holdings in Eagle Materials were worth $3,551,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXP. QRG Capital Management Inc. lifted its stake in shares of Eagle Materials by 40.0% in the 4th quarter. QRG Capital Management Inc. now owns 1,144 shares of the construction company’s stock valued at $282,000 after acquiring an additional 327 shares during the last quarter. Private Trust Co. NA raised its position in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Eagle Materials by 5.6% during the fourth quarter. Keybank National Association OH now owns 2,375 shares of the construction company’s stock valued at $586,000 after purchasing an additional 126 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Eagle Materials by 8.1% during the fourth quarter. Victory Capital Management Inc. now owns 156,840 shares of the construction company’s stock valued at $38,702,000 after purchasing an additional 11,770 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXP. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Loop Capital dropped their price target on shares of Eagle Materials from $245.00 to $237.00 and set a “hold” rating for the company in a research note on Wednesday, May 21st. Citigroup cut their price target on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Truist Financial decreased their price objective on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a “hold” rating in a research report on Wednesday, May 21st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Hold” and an average price target of $254.44.

Eagle Materials Stock Performance

Shares of EXP opened at $214.28 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The firm’s fifty day simple moving average is $213.49 and its two-hundred day simple moving average is $227.91. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The stock has a market capitalization of $6.99 billion, a P/E ratio of 15.57 and a beta of 1.26.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same period in the prior year, the firm earned $2.24 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.27%.

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.