James Hardie Industries PLC. $JHX Stock Holdings Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of James Hardie Industries PLC. (NYSE:JHX) by 9.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 64,847 shares of the construction company’s stock after acquiring an additional 5,478 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in James Hardie Industries were worth $1,744,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Citigroup Inc. lifted its position in James Hardie Industries by 59,775.3% in the first quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock worth $125,478,000 after purchasing an additional 5,317,017 shares during the period. Wellington Management Group LLP acquired a new stake in James Hardie Industries in the first quarter worth approximately $90,526,000. Massachusetts Financial Services Co. MA acquired a new stake in James Hardie Industries in the first quarter worth approximately $87,858,000. Goldman Sachs Group Inc. lifted its position in James Hardie Industries by 160.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after purchasing an additional 1,662,743 shares during the period. Finally, Millennium Management LLC lifted its position in James Hardie Industries by 5,001.3% in the first quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock worth $23,510,000 after purchasing an additional 978,314 shares during the period. Institutional investors own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JHX shares. Robert W. Baird reduced their price objective on shares of James Hardie Industries from $32.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 20th. William Blair started coverage on shares of James Hardie Industries in a research note on Friday, June 27th. They set an “outperform” rating for the company. Wolfe Research started coverage on shares of James Hardie Industries in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $25.00 price target for the company. Macquarie raised shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Monday, July 28th. Finally, UBS Group reaffirmed a “neutral” rating on shares of James Hardie Industries in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.39.

James Hardie Industries Stock Down 3.9%

JHX stock opened at $21.68 on Friday. James Hardie Industries PLC. has a twelve month low of $17.85 and a twelve month high of $37.65. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. The company has a market cap of $9.32 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 15.14 and a beta of 1.79. The business’s 50-day simple moving average is $21.47 and its 200 day simple moving average is $23.78.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $0.41 EPS. On average, research analysts anticipate 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.