Vanguard Trims Eagle Materials Stake to 18.9%

TL;DR

**Vanguard still owns a huge chunk of Eagle Materials, but they trimmed their position slightly.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of 7,000,000 shares of Eagle Materials Inc. common stock as of December 29, 2023. This represents 18.9% of the company's outstanding shares, a slight decrease from its previous reported stake. This matters to investors because Vanguard remains a significant institutional holder, and changes in its position can signal shifts in its confidence in Eagle Materials' future performance, potentially influencing other investors.

Why It Matters

Vanguard's continued large, albeit slightly reduced, ownership signals its ongoing belief in Eagle Materials, a key player in the construction materials sector. This can reassure investors about the stock's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a minor adjustment by a large institutional investor, not a significant divestment or acquisition that would drastically alter the company's risk profile.

Analyst Insight

Investors should note Vanguard's continued substantial, though slightly reduced, position as a sign of ongoing institutional interest. Monitor future 13G/A filings for further changes in Vanguard's stake, as significant shifts could indicate a change in their long-term outlook for Eagle Materials.

Key Numbers

• 7,000,000 — Shares owned by Vanguard (Represents Vanguard's significant stake in Eagle Materials Inc.)
• 18.9% — Percentage of class owned (Indicates Vanguard's substantial influence as a shareholder.)
• December 29, 2023 — Date of event (The specific date when Vanguard's ownership percentage triggered the filing requirement.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Eagle Materials Inc. (company) — subject company whose securities are being reported
• 7,000,000 shares (dollar_amount) — total number of shares beneficially owned by Vanguard
• 18.9% (dollar_amount) — percentage of Eagle Materials' class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially fluctuating, stake in Eagle Materials Inc. over the next year. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0806-eaglematerialsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-020806.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Eagle Materials Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 5960 Berkshire Lane, Suite 900 Dallas, TX 75225-6068

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 26969P108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR