(Reuters) - Sachem Head Capital Management has amassed a 9 percent stake in construction materials company Eagle Materials Inc and said it wants to engage with the company’s management.
The New York-based hedge fund called Eagle Materials’ stock undervalued and an attractive investment in a filing on Thursday.
Shares of the company are up about 20 percent this year. They fell nearly 48 percent in 2018.
Reporting by John Benny in Bengaluru; Editing by Sandra Maler