Handelsbanken Fonder AB Invests $5.46 Million in James Hardie Industries PLC. $JHX

Handelsbanken Fonder AB purchased a new stake in James Hardie Industries PLC. (NYSE:JHXFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 208,500 shares of the construction company’s stock, valued at approximately $5,459,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of James Hardie Industries by 14.7% during the first quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock worth $130,000 after purchasing an additional 884 shares in the last quarter. Xponance LLC grew its stake in shares of James Hardie Industries by 5.7% in the fourth quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock valued at $350,000 after buying an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of James Hardie Industries by 16.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock valued at $139,000 after buying an additional 936 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of James Hardie Industries by 67.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after buying an additional 1,034 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of James Hardie Industries by 46.5% during the 1st quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock valued at $86,000 after buying an additional 1,439 shares during the period. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Price Performance

Shares of NYSE:JHX opened at $31.02 on Friday. The firm’s 50 day moving average is $26.16 and its two-hundred day moving average is $23.28. The firm has a market capitalization of $18.00 billion, a P/E ratio of 124.10, a PEG ratio of 1.94 and a beta of 1.77. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $31.35.

James Hardie Industries (NYSE:JHXGet Free Report) last released its earnings results on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. James Hardie Industries’s quarterly revenue was up 63.9% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. Analysts anticipate that James Hardie Industries PLC. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JHX shares. Stephens upped 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 note on Friday, August 7th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries 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 stock a “buy” rating in a report on Friday, August 7th. Oppenheimer upped their price objective on shares of James Hardie Industries from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Raymond James Financial set a $35.00 target price on James Hardie Industries in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.50.

View Our Latest Analysis on JHX

James Hardie Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for James Hardie Industries (NYSE:JHX)

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