Amalgamated Bank Sells 3,454 Shares of Eagle Materials Inc. (NYSE:EXP)

Amalgamated Bank reduced its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 17.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,878 shares of the construction company’s stock after selling 3,454 shares during the quarter. Amalgamated Bank’s holdings in Eagle Materials were worth $4,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXP. Csenge Advisory Group bought a new position in Eagle Materials in the first quarter valued at $249,000. Empowered Funds LLC bought a new position in shares of Eagle Materials in the 1st quarter valued at about $4,265,000. SG Americas Securities LLC increased its position in shares of Eagle Materials by 38.8% in the first quarter. SG Americas Securities LLC now owns 5,141 shares of the construction company’s stock valued at $1,397,000 after acquiring an additional 1,438 shares during the last quarter. Highland Capital Management LLC raised its holdings in Eagle Materials by 14.6% during the first quarter. Highland Capital Management LLC now owns 39,898 shares of the construction company’s stock worth $10,842,000 after acquiring an additional 5,078 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Eagle Materials during the first quarter valued at approximately $2,193,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Price Performance

Shares of EXP opened at $311.87 on Friday. The firm has a market capitalization of $10.46 billion, a PE ratio of 22.02 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company’s 50-day moving average is $281.50 and its 200-day moving average is $254.88. Eagle Materials Inc. has a fifty-two week low of $164.15 and a fifty-two week high of $315.86.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same period in the prior year, the company earned $4.28 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current year.

Insider Transactions at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $439,914.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EXP has been the topic of several recent analyst reports. Stephens boosted their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Truist Financial increased 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. 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, The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.78.

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.