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

From the Filing

0001104659-24-020806.txt : 20240213 0001104659-24-020806.hdr.sgml : 20240213 20240213170431 ACCESSION NUMBER: 0001104659-24-020806 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628264 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0806-eaglematerialsinc.htm SCHEDULE 13G/A eaglematerialsinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 13)* Name of issuer:  Eagle Materials Inc Title of Class of Securities:  Common Stock CUSIP Number:  26969P108 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  26969P108 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 14,241 7.  SOLE DISPOSITIVE POWER 3,874,772 8.  SHARED DISPOSITIVE POWER 51,565 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,926,337 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.25% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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 75225-6068 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: P