Alpine Woods Capital Investors LLC Takes $1.60 Million Position in James Hardie Industries PLC. (NYSE:JHX)

Alpine Woods Capital Investors LLC purchased a new stake in James Hardie Industries PLC. (NYSE:JHX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 68,096 shares of the construction company's stock, valued at approximately $1,604,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC increased its stake in shares of James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock valued at $30,000 after purchasing an additional 303 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in James Hardie Industries in the fourth quarter valued at about $55,000. Huntington National Bank raised its stake in James Hardie Industries by 64.7% during the fourth quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock worth $70,000 after acquiring an additional 888 shares in the last quarter. Aviso Financial Inc. raised its stake in James Hardie Industries by 69.3% during the fourth quarter. Aviso Financial Inc. now owns 3,983 shares of the construction company's stock worth $123,000 after acquiring an additional 1,631 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of James Hardie Industries by 15.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,965 shares of the construction company's stock worth $153,000 after acquiring an additional 662 shares during the last quarter. Institutional investors own 7.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James Financial set a $55.00 price objective on James Hardie Industries in a research report on Monday, March 24th. Baird R W raised James Hardie Industries to a "strong-buy" rating in a research note on Friday. Morgan Stanley upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Monday, March 24th. Wall Street Zen lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Macquarie downgraded shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, James Hardie Industries presently has a consensus rating of "Moderate Buy" and an average price target of $37.34.

James Hardie Industries Trading Down 2.7%

James Hardie Industries stock traded down $0.75 during mid-day trading on Friday, hitting $27.52. 5,490,875 shares of the stock were exchanged, compared to its average volume of 1,691,489. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.84 and a beta of 1.75. James Hardie Industries PLC. has a 12 month low of $19.72 and a 12 month high of $43.57. The company has a quick ratio of 1.67, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. The firm's fifty day simple moving average is $25.52 and its two-hundred day simple moving average is $27.79.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). James Hardie Industries had a net margin of 10.94% and a return on equity of 31.52%. The firm had revenue of $971.50 million for the quarter, compared to the consensus estimate of $983.86 million. During the same period last year, the company posted $1.61 EPS. The business's revenue was down 3.3% compared to the same quarter last year. Analysts forecast that James Hardie Industries PLC. will post 1.39 EPS for the current year.

James Hardie Industries Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.