SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 
 
 
Eagle Materials Inc.
(Name of Issuer)

 
Common Stock, $0.01 par value
(Title of Class of Securities)


2696P108
(CUSIP Number)


June 1, 2007
(Date of Event Which Requires Filing of this Statement)

Check the following box to designate the rule pursuant to which the Schedule is filed:
 
o 
Rule 13d-1(b)
x
Rule 13d-1(c)
o 
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. 2696P108
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
D. E. Shaw & Co., L.P.
13-3695715
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
o 
   
(b)
o 
       
 
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
 
 
-0-
     
     
6.
Shared Voting Power
2,225,643
         
     
7.
Sole Dispositive Power
-0-
         
     
8.
Shared Dispositive Power
2,451,343
         
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,451,343
     
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)         o 
 
     
 
11.
Percent of Class Represented by Amount in Row (9)
5.1%
     
 
12.
Type of Reporting Person (See Instructions)
IA, PN
 


CUSIP No. 2696P108
 
   
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
David E. Shaw
 
       
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
   
(a)
o 
 
   
(b)
o 
 
         
 
3.
SEC Use Only
 
       
 
4.
Citizenship or Place of Organization
United States
 
       
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.
Sole Voting Power
 
 
-0-
 
       
     
6.
Shared Voting Power
2,225,643
 
           
     
7.
Sole Dispositive Power
-0-
 
           
     
8.
Shared Dispositive Power
2,451,343
 
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,451,343
 
       
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)         o 
 
 
       
 
11.
Percent of Class Represented by Amount in Row (9)
5.1%
 
       
 
12.
Type of Reporting Person (See Instructions)
IN
 
 

 
Item 1.
 
(a) 
Name of Issuer
   
Eagle Materials Inc.
 
 
 
 
(b) 
Address of Issuer's Principal Executive Offices
   
3811 Turtle Creek Blvd.
Suite 1100
Dallas, TX 75219
 
Item 2.
 
(a) 
Name of Person Filing
   
D. E. Shaw & Co., L.P.
David E. Shaw
     
 
(b) 
Address of Principal Business Office or, if none, Residence
   
The business address for each reporting person is:
120 W. 45th Street, Tower 45, 39th Floor
New York, NY 10036
     
 
(c) 
Citizenship
   
D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
David E. Shaw is a citizen of the United States of America.
     
 
(d) 
Title of Class of Securities
   
Common Stock, $0.01 par value
     
 
(e) 
CUSIP Number
   
2696P108
 
Item 3.
If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
Not applicable
 
Item 4.
Ownership
   
As of June 6, 2007:
 
   
(a) Amount beneficially owned:
 
   
   
D. E. Shaw & Co., L.P.:
2,451,343 shares
This is composed of (i) 1,164,593 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 780,450 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., and (iii) 506,300 shares under the management of D. E. Shaw Investment Management, L.L.C.
   
   
David E. Shaw: 
2,451,343 shares
This is composed of (i) 1,164,593 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 780,450 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., and (iii) 506,300 shares under the management of D. E. Shaw Investment Management, L.L.C.
 

 
(b) Percent of class: 
 
D. E. Shaw & Co., L.P.:
5.1%
David E. Shaw: 
5.1%
     
(c) Number of shares to which the person has: 
 
(i) 
Sole power to vote or to direct the vote: 
 
 
D. E. Shaw & Co., L.P.: 
-0- shares 
 
David E. Shaw: 
-0- shares 
     
(ii) 
Shared power to vote or to direct the vote: 
 
 
D. E. Shaw & Co., L.P.: 
2,225,643 shares
 
David E. Shaw: 
2,225,643 shares
     
(iii) 
Sole power to dispose or to direct the disposition of: 
 
 
D. E. Shaw & Co., L.P.: 
-0- shares 
 
David E. Shaw: 
-0- shares 
     
(iv) 
Shared power to dispose or to direct the disposition of: 
 
 
D. E. Shaw & Co., L.P.: 
2,451,343 shares
 
David E. Shaw: 
2,451,343 shares

David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Oculus Portfolios, L.L.C., the managing member and investment adviser of D. E. Shaw Valence Portfolios, L.L.C., and the managing member of D. E. Shaw Investment Management, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the managing member of D. E. Shaw Oculus Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of 2,225,643 shares, and the shared power to dispose or direct the disposition of 2,451,343 shares, the 2,451,343 shares as described above constituting 5.1% of the outstanding shares and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 2,451,343 shares.
 
Item 5.
Ownership of Five Percent or Less of a Class
Not Applicable
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
Not Applicable
 
Item 8.
Identification and Classification of Members of the Group
Not Applicable
 
Item 9.
Notice of Dissolution of Group
Not Applicable
 
Item 10.
Certification
By signing below, each of D. E. Shaw & Co., L.P. and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above 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 and are not held in connection with or as a participant in any transaction having such purposes or effect.

SIGNATURE
 
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. A Power of Attorney, dated February 24, 2004, granted by David E. Shaw in favor of Anne Dinning, is attached hereto.

Dated: June 11, 2007
  
 
     
  D. E. Shaw & Co., L.P.
 
 
 
 
 
 
  By:    /s/ Anne Dinning
 
Anne Dinning
Managing Director
 
     
  David E. Shaw
 
 
 
 
 
 
  By:    /s/ Anne Dinning
 
Anne Dinning
Attorney-in-Fact for David E. Shaw
 
 

 

Exhibit 1

POWER OF ATTORNEY
FOR CERTAIN FILINGS
UNDER THE SECURITIES EXCHANGE ACT OF 1934


I, David E. Shaw, hereby make, constitute and appoint each of:

 
Anne Dinning,

Julius Gaudio,

Lou Salkind,

Stuart Steckler, and

Eric Wepsic,
 
acting individually, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, executing in my name and/or my capacity as President of D. E. Shaw & Co., Inc. (acting for itself or as the general partner of D. E. Shaw & Co., L.P. and general partner or managing member of other entities, any which in turn may be acting for itself or other entities) all documents, certificates, instruments, statement, other filings, and amendments to the forgoing (collectively, “documents”) determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including without limitation Forms 3, 4, 5, 13D, 13F, and 13G required to be filed with the Securities and Exchange Commission; and delivering, furnishing or filing any such documents with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person’s execution, delivery, furnishing, and/or filing of the applicable document.

This power of attorney shall be valid from the date hereof and replaces the power granted on February 5, 2001, which is hereby cancelled.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: February 24, 2004

DAVID E. SHAW, as President of
D. E. Shaw & Co., Inc.
/s/ David E. Shaw
New York, New York
 


Exhibit 2

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned Reporting Persons hereby agrees to the joint filing, along with all other such Reporting Persons, on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $0.01 par value, of Eagle Materials Inc., and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of this 11th day of June, 2007.


     
  D. E. Shaw & Co., L.P.
 
 
 
 
 
 
  By:    /s/ Anne Dinning
 
Anne Dinning
Managing Director
 
     
  David E. Shaw
 
 
 
 
 
 
  By:    /s/ Anne Dinning
 
Anne Dinning
Attorney-in-Fact for David E. Shaw