Wellington Management Group LLP decreased its position in James Hardie Industries PLC. (NYSE:JHX – Free Report) by 22.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,841,163 shares of the construction company’s stock after selling 11,962,062 shares during the quarter. Wellington Management Group LLP owned about 0.07% of James Hardie Industries worth $1,069,222,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in James Hardie Industries by 22.2% in the 4th quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock valued at $201,071,000 after purchasing an additional 1,758,111 shares during the period. Hill City Capital LP increased its position in James Hardie Industries by 1.8% during the 2nd quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company’s stock worth $149,852,000 after buying an additional 102,200 shares during the period. Alyeska Investment Group L.P. increased its position in James Hardie Industries by 14.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,166,115 shares of the construction company’s stock worth $107,197,000 after buying an additional 634,354 shares during the period. RDST Capital LLC lifted its holdings in shares of James Hardie Industries by 24.0% during the second quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock worth $105,114,000 after buying an additional 776,950 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of James Hardie Industries by 48.5% during the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock worth $72,720,000 after buying an additional 1,254,400 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.
James Hardie Industries Stock Performance
JHX opened at $29.95 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $31.35. The firm has a market cap of $17.38 billion, a P/E ratio of 119.80, a price-to-earnings-growth ratio of 2.56 and a beta of 1.77. The business’s fifty day moving average is $27.36 and its 200-day moving average is $23.74.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on JHX shares. Stephens boosted their target price on shares of James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Zacks Research raised shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Oppenheimer lifted their price objective on shares of James Hardie Industries from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Truist Financial boosted their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Barclays upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $35.00 in a research report on Monday, August 10th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.50.
Read 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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