Syon Capital LLC Has $254,000 Position in James Hardie Industries plc (NYSE:JHX)

Syon Capital LLC trimmed its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 25.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,258 shares of the construction company’s stock after selling 2,818 shares during the period. Syon Capital LLC’s holdings in James Hardie Industries were worth $254,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Natixis Advisors LLC boosted its position in James Hardie Industries by 10.3% during the fourth quarter. Natixis Advisors LLC now owns 190,243 shares of the construction company’s stock valued at $5,861,000 after purchasing an additional 17,783 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of James Hardie Industries by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 122,127 shares of the construction company’s stock worth $3,763,000 after purchasing an additional 3,500 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of James Hardie Industries by 23.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 90,741 shares of the construction company’s stock valued at $2,796,000 after buying an additional 17,082 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of James Hardie Industries by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 72,779 shares of the construction company’s stock valued at $2,242,000 after buying an additional 1,432 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in James Hardie Industries by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after buying an additional 420 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on JHX shares. Macquarie cut shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Raymond James set a $55.00 target price on shares of James Hardie Industries in a research note on Monday, March 24th. Morgan Stanley raised James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 24th. Truist Financial set a $45.00 price objective on James Hardie Industries in a research report on Monday, March 24th. Finally, Bank of America raised James Hardie Industries from an “underperform” rating to a “buy” rating and decreased their target price for the stock from $27.40 to $27.35 in a report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.45.

James Hardie Industries Trading Down 0.4 %

Shares of JHX stock opened at $24.35 on Friday. James Hardie Industries plc has a 12-month low of $19.72 and a 12-month high of $43.57. The company has a market capitalization of $10.47 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The firm has a 50 day moving average price of $26.78 and a two-hundred day moving average price of $31.30. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. As a group, analysts predict that James Hardie Industries plc will post 1.39 earnings per share for the current year.

James Hardie Industries Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.