Union Square Park Capital Management LLC purchased a new position in shares of James Hardie Industries PLC. (NYSE:JHX – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 45,000 shares of the construction company’s stock, valued at approximately $852,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of James Hardie Industries in the 1st quarter valued at approximately $28,000. Modus Advisors LLC bought a new position in shares of James Hardie Industries in the fourth quarter valued at $31,000. Global Retirement Partners LLC increased its holdings in James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after buying an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in James Hardie Industries by 11,238.5% during the second 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. Finally, 1620 Investment Advisors Inc. bought a new stake in James Hardie Industries during the fourth quarter worth $41,000. Institutional investors own 7.96% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on JHX shares. Stephens assumed coverage on shares of James Hardie Industries in a research note on Thursday, June 25th. They issued an “overweight” rating and a $31.00 price target for the company. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Barclays reaffirmed a “positive” rating on shares of James Hardie Industries in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.11.
James Hardie Industries Price Performance
Shares of NYSE JHX opened at $26.52 on Friday. The firm has a market cap of $15.39 billion, a P/E ratio of 120.53 and a beta of 1.77. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. James Hardie Industries PLC. has a 1-year low of $16.46 and a 1-year high of $29.83. The business’s 50 day moving average is $24.12 and its 200-day moving average is $22.69.
James Hardie Industries (NYSE:JHX – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company posted $0.36 earnings per share. James Hardie Industries’s revenue was up 44.5% compared to the same quarter last year. Equities research analysts predict that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.
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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