Eagle Materials Inc. bonds EXP
Who owns Eagle Materials Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. EXP stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 26969PAB4 | 2.5% fixed | 2031-07-01 | USD | 88.51 | 5.18% | 85 bp | 9 | $7.0M | Jul 2026 |
| 26969PAC2 | 5% fixed | 2036-03-15 | USD | 94.24 | 5.79% | 121 bp | 22 | $18.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 2 | $25.9M | 91.37 | 5.48% | 103 bp | 22 |
| Jun 2026 | 2 | $211.0M | 93.05 | 5.18% | 85 bp | 42 |
| May 2026 | 2 | $46.7M | 93.03 | 5.16% | 85 bp | 15 |
| Apr 2026 | 2 | $29.3M | 92.72 | 5.18% | 105 bp | 21 |
| Mar 2026 | 2 | $205.2M | 92.56 | 5.19% | 113 bp | 37 |
| Feb 2026 | 2 | $56.0M | 95.32 | 4.70% | 78 bp | 15 |
| Jan 2026 | 2 | $31.0M | 94.33 | 4.86% | 84 bp | 20 |
| Dec 2025 | 2 | $223.4M | 94.43 | 4.82% | 87 bp | 48 |
| Nov 2025 | 2 | $70.6M | 94.88 | 4.75% | 83 bp | 16 |
| Oct 2025 | 1 | $6.4M | 90.43 | 4.43% | 72 bp | 8 |
| Sep 2025 | 1 | $57.5M | 90.23 | 4.44% | 71 bp | 20 |
| Aug 2025 | 1 | $41.5M | 89.38 | 4.60% | 72 bp | 14 |
| Jul 2025 | 1 | $6.8M | 88.36 | 4.78% | 74 bp | 10 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 21 added, 13 cut, 9 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $51.2M | $49.5M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $29.0M | $26.0M | $740K |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $26.5M | $25.7M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $22.2M | $20.4M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $19.7M | $18.4M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $13.8M | $12.7M | $100K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.2M | $9.4M | $0 |
| iMGP Dolan McEniry Corporate Bond Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $10.4M | $9.3M | $0 |
| Loomis Sayles Income Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $9.3M | $9.0M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $8.0M | $7.4M | $4.3M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.4M | $6.6M | -$405K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.1M | $5.6M | $210K |
| Victory Core Plus Intermediate Bond Fund Victory Portfolios III | 2026-07-31 | $5.3M | $5.0M | -$3.9M |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $5.0M | $4.8M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $4.8M | $4.4M | $340K |
| iShares iBonds Dec 2031 Term Corporate ETF iShares Trust | 2026-07-31 | $4.7M | $4.2M | $146K |
| Diversified Bond Fund American Century Investment Trust | 2026-06-30 | $4.2M | $4.1M | $0 |
| American Century Diversified Corporate Bond ETF American Century ETF Trust | 2026-05-31 | $4.0M | $3.8M | $1.0M |
| Victory Income Fund Victory Portfolios III | 2026-07-31 | $3.9M | $3.7M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $3.9M | $3.6M | $0 |
| Invesco BulletShares 2031 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $3.6M | $3.3M | -$290K |
| Core Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $3.2M | $3.1M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $3.3M | $2.9M | $0 |
| Credit Series Manning & Napier Fund, Inc. | 2026-06-30 | $2.3M | $2.3M | $0 |
| VictoryShares Core Intermediate Bond ETF Victory Portfolios II | 2026-06-30 | $2.0M | $1.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares Investment Grade Systematic Bond ETF ($7.6M), CTIVP - American Century Diversified Bond Fund ($3.7M), SIIT CORE FIXED INCOME FUND ($1.4M), VANGUARD LONG-TERM CORPORATE BOND INDEX FUND ($1.2M), Core Bond Fund ($809K), State Street(R) SPDR(R) Portfolio Long Term Corporate Bond ETF ($185K), iShares 10+ Year Investment Grade Corporate Bond ETF ($80K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $29.0M | $26.0M | 0.04% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 2 | $13.8M | $12.7M | 0.00% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $8.0M | $7.4M | 0.06% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $7.4M | $6.6M | 0.01% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $6.1M | $5.6M | 0.03% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $4.8M | $4.4M | 0.00% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $4.7M | $4.2M | 0.16% |
| KORP American Century Diversified Corporate Bond ETF | 2026-05-31 | 1 | $4.0M | $3.8M | 0.47% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 2 | $3.9M | $3.6M | 0.03% |
| UITB VictoryShares Core Intermediate Bond ETF | 2026-06-30 | 1 | $2.0M | $1.9M | 0.07% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $2.0M | $1.8M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.7M | $1.6M | 0.00% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.7M | $1.5M | 0.01% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 1 | $1.1M | $1.1M | 0.06% |
| SPBO State Street(R) SPDR Portfolio Corporate Bond ETF | 2026-06-30 | 1 | $900K | $870K | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.57: safer than 63% of companies (69th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.21B |
| Debt barrier (short-term + ½ long-term debt) | $886.0M |
| Equity volatility (1 year) | 34.0% |
| Asset value / asset volatility (solved) | $6.06B / 29.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 103 bp spread prices in about 1.7% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 3.10 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in EXP's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 46 | $67.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 526 | $7.34B | 8 | $11.1M | 11 | $93.6M | 0 |
| 2026-03-31 | 467 | $5.33B | 8 | $12.0M | 11 | $57.5M | 0 |
| 2025-12-31 | 477 | $6.49B | 7 | $4.8M | 10 | $10.0M | 0 |
| 2025-09-30 | 477 | $7.34B | 8 | $16.7M | 10 | $16.1M | 0 |
| 2025-06-30 | 461 | $6.41B | 11 | $13.8M | 9 | $13.7M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.