Eagle Materials, Inc. (EXP) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its position in shares of Eagle Materials, Inc. (NYSE:EXP) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,879 shares of the construction company’s stock after acquiring an additional 510 shares during the period. Amalgamated Bank’s holdings in Eagle Materials were worth $1,119,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Aperio Group LLC grew its holdings in shares of Eagle Materials by 3.8% during the 4th quarter. Aperio Group LLC now owns 12,797 shares of the construction company’s stock worth $1,450,000 after acquiring an additional 472 shares during the period. Whittier Trust Co. grew its holdings in shares of Eagle Materials by 2.0% during the 4th quarter. Whittier Trust Co. now owns 24,007 shares of the construction company’s stock worth $2,720,000 after acquiring an additional 479 shares during the period. Optimum Investment Advisors grew its holdings in shares of Eagle Materials by 7.4% during the 3rd quarter. Optimum Investment Advisors now owns 9,345 shares of the construction company’s stock worth $997,000 after acquiring an additional 645 shares during the period. Oakbrook Investments LLC grew its holdings in shares of Eagle Materials by 15.7% during the 4th quarter. Oakbrook Investments LLC now owns 4,860 shares of the construction company’s stock worth $551,000 after acquiring an additional 660 shares during the period. Finally, Commonwealth Equity Services Inc grew its holdings in shares of Eagle Materials by 15.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 5,219 shares of the construction company’s stock worth $556,000 after acquiring an additional 687 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.
Shares of Eagle Materials, Inc. (NYSE:EXP) opened at $102.53 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06. The firm has a market capitalization of $4,990.00, a P/E ratio of 25.57, a P/E/G ratio of 2.44 and a beta of 1.24. Eagle Materials, Inc. has a 52 week low of $86.51 and a 52 week high of $122.49.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Eagle Materials’s payout ratio is currently 9.98%.
A number of research analysts have weighed in on EXP shares. Zacks Investment Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 30th. Stifel Nicolaus upped their target price on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Citigroup upped their price target on Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Raymond James Financial started coverage on Eagle Materials in a research note on Tuesday. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $135.00.
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About Eagle Materials
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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