James Hardie Industries PLC. (NYSE:JHX) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,083 shares of the construction company's stock after purchasing an additional 12,990 shares during the period. Cerity Partners LLC's holdings in James Hardie Industries were worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew 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 worth $30,000 after buying an additional 303 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of James Hardie Industries during the 4th quarter valued at $55,000. Huntington National Bank raised its holdings in James Hardie Industries by 64.7% in the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock worth $70,000 after purchasing an additional 888 shares during the period. Legal & General Group Plc raised its holdings in James Hardie Industries by 98.0% in the 4th quarter. Legal & General Group Plc now owns 5,049 shares of the construction company's stock worth $156,000 after purchasing an additional 2,499 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in James Hardie Industries by 9.5% in the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock worth $161,000 after buying an additional 453 shares in the last quarter. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Down 1.3%

JHX stock traded down $0.37 during trading on Friday, hitting $26.96. 3,375,060 shares of the company's stock traded hands, compared to its average volume of 8,427,643. The firm has a market capitalization of $11.59 billion, a P/E ratio of 27.51, a PEG ratio of 1.80 and a beta of 1.75. The business has a fifty day simple moving average of $25.94 and a two-hundred day simple moving average of $27.52. The company has a quick ratio of 1.67, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. James Hardie Industries PLC. has a 1 year low of $19.72 and a 1 year high of $43.57.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on James Hardie Industries in a research report on Friday, July 11th. They set an "outperform" rating and a $32.00 price objective for the company. Truist Financial dropped their price target on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. William Blair assumed coverage on James Hardie Industries in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Baird R W raised shares of James Hardie Industries to a "strong-buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.34.

James Hardie Industries Company 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.