BlackRock Amends Eagle Materials Stake; Passive Investment Continues

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

From the Filing

0001086364-24-003322.txt : 20240125 0001086364-24-003322.hdr.sgml : 20240125 20240125134855 ACCESSION NUMBER: 0001086364-24-003322 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EAGLE MATERIALS INC CENTRAL INDEX KEY: 0000918646 STANDARD INDUSTRIAL CLASSIFICATION: CEMENT, HYDRAULIC [3241] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 752520779 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43317 FILM NUMBER: 24561096 BUSINESS ADDRESS: STREET 1: 5960 BERKSHIRE LANE STREET 2: SUITE 900 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: 214-432-2000 MAIL ADDRESS: STREET 1: 5960 BERKSHIRE LANE STREET 2: SUITE 900 CITY: DALLAS STATE: TX ZIP: 75225 FORMER COMPANY: FORMER CONFORMED NAME: CENTEX CONSTRUCTION PRODUCTS INC DATE OF NAME CHANGE: 19940204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us26969p1084_012524.txt us26969p1084_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) EAGLE MATERIALS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 26969P108 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 26969P108 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 3073605 (6) Shared voting power 0 (7) Sole dispositive power 3137687 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 3137687 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- EAGLE MATERIALS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 5960 BERKSHIRE LANE SUITE 900 DALLAS TX 75225 Item 2. 2(a) Name of person filing: -------------------------------------------------------------