BlackRock Amends Eagle Materials Stake; Passive Investment Continues
Ticker: EXP · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 918646
| Field | Detail |
|---|---|
| Company | Eagle Materials INC (EXP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, cement-industry
TL;DR
**BlackRock still owns a chunk of Eagle Materials, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Common Stock in Eagle Materials Inc. as of December 31, 2023. This is the 14th amendment to their filing, showing a continued significant, but passive, investment in the cement and hydraulic materials company. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in Eagle Materials' long-term prospects, even if their percentage ownership might fluctuate slightly.
Why It Matters
BlackRock's continued significant, albeit passive, stake in Eagle Materials Inc. signals institutional confidence, which can reassure current and potential investors about the company's stability.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment by a large institutional holder, posing minimal direct risk to the company or its shareholders.
Analyst Insight
Investors should view BlackRock's continued passive ownership as a sign of stability, but not necessarily a catalyst for immediate price movement. It suggests BlackRock sees long-term value in Eagle Materials Inc. without seeking to influence management.
Key Numbers
- 14 — Amendment Number (This is the 14th amendment to BlackRock's Schedule 13G filing for Eagle Materials Inc., indicating a long-standing reporting relationship.)
- 26969P108 — CUSIP Number (This unique identifier confirms the specific security, Common Stock of Eagle Materials Inc., being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Eagle Materials Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Common Stock (other) — the class of securities held by BlackRock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Eagle Materials Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 14' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are being reported in this filing?
The securities of EAGLE MATERIALS INC are being reported, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EAGLE MATERIALS INC'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly mentioned in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Eagle Materials Inc. is 26969P108, as listed under 'CUSIP No. 26969P108'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding EAGLE MATERIALS INC (EXP).