FMR LLC & Abigail Johnson Hold 7.283% Stake in Eagle Materials
Ticker: EXP · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 918646
| Field | Detail |
|---|---|
| Company | Eagle Materials INC (EXP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 7.283% of Eagle Materials, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Eagle Materials Inc. (EAGLE MATLS INC). As of February 9, 2024, they collectively beneficially own 2,540,915 shares of common stock, representing 7.283% of the company. This filing indicates a significant, but passive, institutional investment in the cement and construction materials company.
Why It Matters
This filing shows that a large, influential institutional investor maintains a substantial position in Eagle Materials, which can signal confidence in the company's long-term prospects to other investors.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor, indicating no immediate change in company control or strategy.
Analyst Insight
Investors should note the continued institutional interest from FMR LLC, but this passive filing doesn't suggest any immediate catalysts or changes in company direction. It's a data point for long-term holders.
Key Numbers
- 2,540,915 — Shares Beneficially Owned (Total common stock shares of Eagle Materials Inc. held by FMR LLC and Abigail P. Johnson as of February 9, 2024.)
- 7.283% — Percent of Class (The percentage of Eagle Materials Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- EAGLE MATERIALS INC (company) — the issuer of the securities
- 2,540,915 (dollar_amount) — number of shares beneficially owned
- 7.283% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Eagle Materials Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by FMR LLC and Abigail P. Johnson, as indicated in Item 1 of the filing for both reporting persons.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson in Eagle Materials Inc.?
FMR LLC and Abigail P. Johnson beneficially own a total of 2,540,915 shares of common stock in Eagle Materials Inc., as stated in Item 7 for both reporting persons and Item 4(a) for FMR LLC.
What percentage of Eagle Materials Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 7.283% of the common stock of Eagle Materials Inc., as specified in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
What is the CUSIP number for Eagle Materials Inc. common stock mentioned in the filing?
The CUSIP number for Eagle Materials Inc. common stock is 26969P108, as listed under 'Cusip #26969P108' and Item 2(e).
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' and Item 3, which states FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding EAGLE MATERIALS INC (EXP).