Cubist Systematic Strategies LLC Makes New $439,000 Investment in James Hardie Industries PLC. $JHX

Key Points

• Cubist Systematic Strategies LLC has made a new investment in James Hardie Industries PLC, acquiring 18,618 shares valued at approximately $439,000 during the first quarter of the year.
• James Hardie Industries reported a quarterly EPS of $0.29, missing analysts' expectations of $0.36, along with a revenue decline of 9.3% year-over-year.
• Research analysts have a generally positive outlook on James Hardie Industries, with one giving a Strong Buy rating and an average price target of $33.27.

Cubist Systematic Strategies LLC acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,618 shares of the construction company's stock, valued at approximately $439,000.

Several other institutional investors have also recently bought and sold shares of JHX. SVB Wealth LLC acquired a new position in James Hardie Industries during the first quarter worth $57,000. Smartleaf Asset Management LLC raised its holdings in James Hardie Industries by 12.1% during the first quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company's stock worth $89,000 after buying an additional 397 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in James Hardie Industries by 49.0% during the first quarter. Russell Investments Group Ltd. now owns 7,776 shares of the construction company's stock worth $183,000 after buying an additional 2,556 shares during the last quarter. Versant Capital Management Inc raised its holdings in James Hardie Industries by 854.5% during the first quarter. Versant Capital Management Inc now owns 7,875 shares of the construction company's stock worth $186,000 after buying an additional 7,050 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in James Hardie Industries by 672.7% during the first quarter. AdvisorNet Financial Inc now owns 8,500 shares of the construction company's stock worth $200,000 after buying an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Stock Performance

NYSE JHX opened at $19.78 on Thursday. James Hardie Industries PLC. has a 52-week low of $17.91 and a 52-week high of $43.57. The company has a 50-day simple moving average of $25.12 and a 200 day simple moving average of $25.49. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.31 and a current ratio of 3.76. The company has a market capitalization of $8.50 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.29 and a beta of 1.74.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.The company had revenue of $899.90 million for the quarter, compared to analysts' expectations of $982.60 million. During the same quarter last year, the business posted $0.41 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. On average, research analysts predict that James Hardie Industries PLC. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on JHX shares. Wall Street Zen downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. UBS Group restated a "neutral" rating on shares of James Hardie Industries in a report on Thursday, August 21st. Jefferies Financial Group initiated coverage on shares of James Hardie Industries in a report on Friday, August 8th. They issued a "buy" rating and a $34.00 target price for the company. Macquarie upgraded shares of James Hardie Industries from a "neutral" rating to an "outperform" rating in a report on Monday, July 28th. Finally, Baird R W upgraded shares of James Hardie Industries to a "strong-buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $33.27.

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.

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