ArchPoint Investors Takes $2.12 Million Position in James Hardie Industries PLC. $JHX

ArchPoint Investors acquired a new stake in James Hardie Industries PLC. (NYSE:JHXFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 102,000 shares of the construction company’s stock, valued at approximately $2,116,000.

Several other hedge funds also recently modified their holdings of JHX. Wellington Management Group LLP boosted its position in shares of James Hardie Industries by 259.7% in the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after acquiring an additional 36,567,726 shares during the period. Capital World Investors bought a new stake in shares of James Hardie Industries in the third quarter valued at approximately $86,121,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $77,530,000. Renaissance Technologies LLC bought a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $53,641,000. Finally, Alyeska Investment Group L.P. boosted its position in shares of James Hardie Industries by 100.9% in the third quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock valued at $87,055,000 after acquiring an additional 2,275,762 shares during the period. 7.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JHX has been the subject of several research reports. Barclays reduced their price objective on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Zacks Research cut James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Get Our Latest Research Report on James Hardie Industries

James Hardie Industries Stock Up 1.1%

Shares of JHX stock opened at $24.15 on Friday. The stock has a market cap of $14.02 billion, a P/E ratio of 109.79, a price-to-earnings-growth ratio of 13.10 and a beta of 1.80. James Hardie Industries PLC. has a one year low of $16.46 and a one year high of $29.83. The stock has a fifty day moving average price of $21.25 and a 200 day moving average price of $21.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03.

James Hardie Industries (NYSE:JHXGet Free Report) last issued its earnings results on Wednesday, May 20th. The construction company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.James Hardie Industries’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. Analysts predict that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

James Hardie Industries Company Profile

(Free Report)

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.

See Also

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Institutional Ownership by Quarter for James Hardie Industries (NYSE:JHX)

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