Alpine Woods Capital Investors LLC Has $2.32 Million Position in James Hardie Industries PLC. $JHX

Alpine Woods Capital Investors LLC grew its stake in James Hardie Industries PLC. (NYSE:JHX) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,240 shares of the construction company’s stock after purchasing an additional 18,144 shares during the period. Alpine Woods Capital Investors LLC’s holdings in James Hardie Industries were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its stake in shares of James Hardie Industries by 70.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $30,000 after purchasing an additional 455 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of James Hardie Industries in the 1st quarter valued at approximately $57,000. Hilltop National Bank acquired a new stake in shares of James Hardie Industries in the 2nd quarter valued at approximately $68,000. Smartleaf Asset Management LLC boosted its stake in shares of James Hardie Industries by 12.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company’s stock valued at $89,000 after purchasing an additional 397 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of James Hardie Industries by 49.0% in the 1st quarter. Russell Investments Group Ltd. now owns 7,776 shares of the construction company’s stock valued at $183,000 after purchasing an additional 2,556 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JHX shares. CLSA upgraded shares of James Hardie Industries to a “hold” rating in a research note on Wednesday, October 8th. Truist Financial raised their price target on shares of James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Monday, July 28th. Jefferies Financial Group began coverage on shares of James Hardie Industries in a research report on Friday, August 8th. They set a “buy” rating and a $34.00 target price on the stock. Finally, William Blair began coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.39.

James Hardie Industries Stock Up 0.8%

NYSE:JHX opened at $21.47 on Tuesday. The firm’s 50 day simple moving average is $21.80 and its 200 day simple moving average is $23.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.76 and a quick ratio of 3.31. James Hardie Industries PLC. has a one year low of $17.85 and a one year high of $37.77. The company has a market cap of $9.23 billion, a PE ratio of 27.88, a P/E/G ratio of 14.02 and a beta of 1.79.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $899.90 million for the quarter, compared to analyst estimates of $982.60 million. James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, research analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

About James Hardie Industries

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.