50,000 Shares in James Hardie Industries PLC. $JHX Purchased by Gilliland Jeter Wealth Management LLC

Key Points

• Gilliland Jeter Wealth Management bought a new position of 50,000 shares in James Hardie Industries (NYSE:JHX) in Q4, valued at roughly $1.038 million, while institutional ownership of the stock is about 7.96%.
• James Hardie reported quarterly EPS of $0.24 (beating estimates by $0.01) and revenue of $1.24 billion, up 30.1% year-over-year, but the stock carries a high valuation with a PE ratio around 78.
• Analysts are mixed but inclined positive overall: the consensus rating is a Moderate Buy with an average price target of $26.13 amid recent upgrades and price-target cuts.

Gilliland Jeter Wealth Management LLC bought a new position in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the construction company's stock, valued at approximately $1,038,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 1,461 shares during the period. Hilltop National Bank acquired a new stake in shares of James Hardie Industries during the fourth quarter worth about $47,000. MAI Capital Management lifted its holdings in shares of James Hardie Industries by 153.9% during the third quarter. MAI Capital Management now owns 3,326 shares of the construction company's stock worth $64,000 after purchasing an additional 2,016 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of James Hardie Industries by 67.1% during the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company's stock worth $67,000 after purchasing an additional 1,034 shares during the period. Finally, CWM LLC lifted its holdings in shares of James Hardie Industries by 72.9% during the third quarter. CWM LLC now owns 3,516 shares of the construction company's stock worth $68,000 after purchasing an additional 1,483 shares during the period. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Trading Up 0.2%

Shares of NYSE:JHX opened at $21.07 on Monday. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $29.83. The company has a market capitalization of $9.06 billion, a PE ratio of 78.02, a PEG ratio of 3.93 and a beta of 1.84. The business has a 50 day moving average of $21.86 and a two-hundred day moving average of $21.11. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. James Hardie Industries had a return on equity of 13.52% and a net margin of 2.70%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted $0.36 earnings per share. James Hardie Industries's revenue for the quarter was up 30.1% on a year-over-year basis. As a group, analysts forecast that James Hardie Industries PLC. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JHX. Barclays decreased their target price on James Hardie Industries from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. raised James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, February 11th. Truist Financial boosted their price target on James Hardie Industries from $28.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Finally, Zacks Research downgraded James Hardie Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.13.

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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