PEAK6 LLC Purchases Shares of 90,116 James Hardie Industries PLC. $JHX

PEAK6 LLC purchased a new position in James Hardie Industries PLC. (NYSE:JHXFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 90,116 shares of the construction company’s stock, valued at approximately $2,359,000.

A number of other large investors have also modified their holdings of JHX. Wellington Management Group LLP increased its holdings in shares of James Hardie Industries by 259.7% during the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after acquiring an additional 36,567,726 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in James Hardie Industries in the 4th quarter worth approximately $77,530,000. RDST Capital LLC purchased a new stake in James Hardie Industries during the 4th quarter worth approximately $55,893,000. Renaissance Technologies LLC purchased a new stake in James Hardie Industries during the 4th quarter worth approximately $53,641,000. Finally, Alyeska Investment Group L.P. increased its stake in James Hardie Industries by 100.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock valued at $87,055,000 after purchasing an additional 2,275,762 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

JHX has been the subject of several research reports. Stephens lifted their price objective 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. Robert W. Baird set a $34.00 price target on James Hardie Industries in a research note on Friday, August 7th. Truist Financial raised their price objective on James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Oppenheimer raised their price target on shares of James Hardie Industries from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.50.

Read Our Latest Stock Report on James Hardie Industries

James Hardie Industries Stock Down 0.2%

Shares of JHX opened at $30.38 on Monday. The firm has a market cap of $17.63 billion, a P/E ratio of 121.52, a PEG ratio of 1.91 and a beta of 1.77. The stock’s 50 day moving average is $26.85 and its two-hundred day moving average is $23.51. 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 12 month low of $16.46 and a 12 month high of $31.35.

James Hardie Industries (NYSE:JHXGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share 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 period in the prior year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 63.9% on a year-over-year basis. Analysts predict that James Hardie Industries PLC. will post 1.43 earnings per share for the current fiscal year.

James Hardie Industries 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.

Further Reading

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

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