Amalgamated Bank Has $5.31 Million Position in Eagle Materials Inc. (NYSE:EXP)

Amalgamated Bank lessened its position in Eagle Materials Inc. (NYSE:EXP) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 26,180 shares of the construction company’s stock after selling 1,243 shares during the quarter. Amalgamated Bank’s holdings in Eagle Materials were worth $5,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. Cambridge Investment Research Advisors Inc. increased its stake in shares of Eagle Materials by 11.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,005 shares of the construction company’s stock valued at $667,000 after buying an additional 413 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Eagle Materials by 19.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,069 shares of the construction company’s stock valued at $1,177,000 after acquiring an additional 1,163 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of Eagle Materials during the 3rd quarter worth approximately $31,000. Mackenzie Financial Corp acquired a new stake in Eagle Materials in the third quarter valued at $322,000. Finally, Strs Ohio raised its holdings in shares of Eagle Materials by 4.0% in the 3rd quarter. Strs Ohio now owns 9,959 shares of the construction company’s stock valued at $1,658,000 after purchasing an additional 379 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on EXP. Stephens lifted their target price on shares of Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and raised their target price for the company from $170.00 to $240.00 in a research note on Monday, January 8th. StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Raymond James boosted their price target on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus price target of $263.50.

Eagle Materials Stock Performance

EXP stock opened at $266.90 on Tuesday. The stock has a market capitalization of $9.19 billion, a PE ratio of 18.84 and a beta of 1.35. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $272.72. The stock’s 50 day simple moving average is $257.04 and its 200 day simple moving average is $219.15.

Insider Buying and Selling

In other news, EVP Matt Newby sold 2,940 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David B. Powers sold 3,347 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the transaction, the director now directly owns 655 shares in the company, valued at approximately $157,540.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Eagle Materials Company Profile

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; 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.