Aristotle Capital Boston LLC boosted its position in shares of James Hardie Industries PLC. (NYSE:JHX – Free Report) by 18.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 864,120 shares of the construction company’s stock after acquiring an additional 134,322 shares during the period. Aristotle Capital Boston LLC’s holdings in James Hardie Industries were worth $17,930,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in JHX. Royal Bank of Canada grew its holdings in James Hardie Industries by 17.0% during the 1st quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock valued at $1,197,000 after purchasing an additional 7,396 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after buying an additional 1,662,743 shares during the last quarter. Jane Street Group LLC lifted its position in shares of James Hardie Industries by 222.4% in the 1st quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock worth $6,573,000 after buying an additional 192,478 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of James Hardie Industries by 49.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,603 shares of the construction company’s stock worth $312,000 after buying an additional 3,827 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after buying an additional 1,461 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.
James Hardie Industries Trading Down 4.1%
James Hardie Industries stock opened at $24.58 on Thursday. The firm’s 50-day moving average is $21.63 and its 200-day moving average is $21.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83. The company has a market cap of $14.26 billion, a P/E ratio of 111.71, a PEG ratio of 13.92 and a beta of 1.80.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Barclays reduced their price target on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.
Get Our Latest Analysis on JHX
James Hardie Industries Profile
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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