March 28, 2019 / 11:23 PM / 5 months ago

Sachem builds 9 pct stake in Eagle Materials, seeks to engage with co

March 28 (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 here 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)

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