Atom Investors LP acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 233,159 shares of the construction company’s stock, valued at approximately $4,838,000.
A number of other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in James Hardie Industries by 7.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after acquiring an additional 525 shares during the last quarter. Xponance LLC boosted its position in James Hardie Industries by 5.7% during the 4th quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock worth $350,000 after acquiring an additional 911 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in James Hardie Industries by 16.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock worth $139,000 after acquiring an additional 936 shares during the last quarter. Osaic Holdings Inc. boosted its position in James Hardie Industries by 67.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in James Hardie Industries during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 7.96% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Barclays reduced their price target 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 downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, James Hardie Industries presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.
James Hardie Industries Trading Up 1.8%
NYSE:JHX opened at $25.62 on Wednesday. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $29.83. The company has a market cap of $14.87 billion, a P/E ratio of 116.47, a price-to-earnings-growth ratio of 13.51 and a beta of 1.80. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $21.52 and a two-hundred day moving average price of $21.69.
James Hardie Industries (NYSE:JHX – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 44.5% compared to the same quarter last year. As a group, analysts expect that James Hardie Industries PLC. will post 1.25 EPS for the current fiscal year.
About James Hardie Industries
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.
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