Alyeska Investment Group L.P. Buys 954,317 Shares of James Hardie Industries PLC. $JHX

Alyeska Investment Group L.P. increased its holdings in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,737,905 shares of the construction company's stock after acquiring an additional 954,317 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.51% of James Hardie Industries worth $228,758,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in James Hardie Industries by 25.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,387 shares of the construction company's stock worth $324,000 after acquiring an additional 2,520 shares in the last quarter. Okabena Investment Services Inc. boosted its holdings in James Hardie Industries by 12.2% in the second quarter. Okabena Investment Services Inc. now owns 68,034 shares of the construction company's stock valued at $1,781,000 after purchasing an additional 7,418 shares during the last quarter. Greenleaf Trust acquired a new stake in James Hardie Industries during the 2nd quarter worth about $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of James Hardie Industries by 107.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 407,485 shares of the construction company's stock valued at $10,668,000 after buying an additional 210,729 shares during the last quarter. Finally, Hill City Capital LP boosted its position in James Hardie Industries by 1.8% in the 2nd quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company's stock worth $149,852,000 after purchasing an additional 102,200 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on JHX shares. Barclays upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, August 10th. 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 note on Friday, August 7th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a research report on Friday, August 7th. Stephens upped their price objective 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. Finally, Raymond James Financial set a $35.00 price objective on shares of James Hardie Industries in a report on Monday, August 10th. Nine investment 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, James Hardie Industries currently has a consensus rating of "Moderate Buy" and an average target price of $32.50.

James Hardie Industries Trading Up 0.6%

JHX opened at $29.95 on Friday. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $31.35. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $27.36 and a 200-day simple moving average of $23.74. The firm has a market cap of $17.38 billion, a P/E ratio of 119.80, a P/E/G ratio of 2.57 and a beta of 1.77.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.James Hardie Industries's revenue was up 63.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, equities analysts expect that James Hardie Industries PLC. will post 1.41 earnings per share for the current year.

James Hardie Industries Company 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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