Caledonia Private Investments Pty Ltd lessened its holdings in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) by 78.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 33,790 shares of the construction company's stock after selling 123,536 shares during the period. James Hardie Industries makes up approximately 0.0% of Caledonia Private Investments Pty Ltd's holdings, making the stock its 13th largest position. Caledonia Private Investments Pty Ltd's holdings in James Hardie Industries were worth $885,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in James Hardie Industries by 259.7% in the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company's stock valued at $972,981,000 after buying an additional 36,567,726 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $77,530,000. RDST Capital LLC acquired a new stake in shares of James Hardie Industries in the fourth quarter worth $55,893,000. Renaissance Technologies LLC bought a new position in James Hardie Industries during the fourth quarter worth $53,641,000. Finally, Alyeska Investment Group L.P. raised 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 during the last quarter. Institutional investors own 7.96% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on JHX shares. Oppenheimer increased their price target on shares of James Hardie Industries from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Raymond James Financial set a $35.00 target price on James Hardie Industries in a research report on Monday, August 10th. Zacks Research raised James Hardie Industries from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Robert W. Baird set a $34.00 price objective on James Hardie Industries in a research report on Friday, August 7th. Finally, Barclays upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Monday, August 10th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.50.
Get Our Latest Stock Report on JHX
James Hardie Industries Stock Performance
NYSE:JHX opened at $30.20 on Tuesday. The stock has a market capitalization of $17.53 billion, a P/E ratio of 120.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.77. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $31.35. The firm has a 50 day moving average of $26.95 and a 200-day moving average of $23.56. 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 (NYSE:JHX - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm 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%.The business's revenue for the quarter was up 63.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, sell-side analysts anticipate that James Hardie Industries PLC. will post 1.43 EPS for the current fiscal year.
About James Hardie Industries
(
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.
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