Fairvoy Private Wealth LLC bought a new position in shares of James Hardie Industries PLC. (NYSE:JHX – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,338 shares of the construction company’s stock, valued at approximately $1,097,000.
Several other hedge funds have also recently bought and sold shares of JHX. Alyeska Investment Group L.P. grew its position in James Hardie Industries by 12.3% in the 2nd quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company’s stock valued at $228,758,000 after acquiring an additional 954,317 shares in the last quarter. Hill City Capital LP lifted its position in shares of James Hardie Industries by 1.8% during the second quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company’s stock worth $149,852,000 after purchasing an additional 102,200 shares in the last quarter. RDST Capital LLC lifted its position 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 purchasing an additional 776,950 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of James Hardie Industries by 48.5% in the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock valued at $72,720,000 after purchasing an additional 1,254,400 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of James Hardie Industries by 22.5% in the second quarter. Jones Financial Companies Lllp now owns 2,166,998 shares of the construction company’s stock valued at $57,707,000 after purchasing an additional 397,621 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.
James Hardie Industries Price Performance
NYSE JHX traded down $0.21 during trading hours on Monday, reaching $25.61. The company’s stock had a trading volume of 6,428,530 shares, compared to its average volume of 7,760,215. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59. The company’s 50-day moving average is $27.83 and its two-hundred day moving average is $24.86. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $31.43. The stock has a market cap of $14.86 billion, a PE ratio of 102.42, a PEG ratio of 2.48 and a beta of 1.79.
James Hardie Industries (NYSE:JHX – Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 63.9% compared to the same quarter last year. Analysts forecast that James Hardie Industries PLC. will post 1.27 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on JHX shares. Raymond James Financial set a $36.00 target price on shares of James Hardie Industries in a research note on Tuesday, October 6th. Barclays raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.00 to $35.00 in a research report on Monday, August 10th. Robert W. Baird dropped their price target on shares of James Hardie Industries from $34.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Stephens upped their target price on shares of James Hardie Industries from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $36.00 price target on shares of James Hardie Industries in a report on Wednesday, September 16th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.89.
View Our Latest Analysis on James Hardie Industries
James Hardie Industries Profile
James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.
The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.
Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.
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