Entropy Technologies LP bought 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 filing with the SEC. The fund bought 12,273 shares of the construction company's stock, valued at approximately $289,000.
A number of other institutional investors and hedge funds have also modified their holdings of JHX. Aquatic Capital Management LLC acquired a new stake in shares of James Hardie Industries in the 4th quarter worth approximately $55,000. Legal & General Group Plc grew its holdings in shares of 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 acquiring an additional 2,499 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of 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 acquiring an additional 453 shares during the period. Versant Capital Management Inc grew its holdings in shares of James Hardie Industries by 854.5% in the 1st quarter. Versant Capital Management Inc now owns 7,875 shares of the construction company's stock worth $186,000 after acquiring an additional 7,050 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in shares of James Hardie Industries by 672.7% in the 1st quarter. AdvisorNet Financial Inc now owns 8,500 shares of the construction company's stock worth $200,000 after acquiring an additional 7,400 shares during the period. Institutional investors and hedge funds own 7.96% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on JHX. Macquarie upgraded James Hardie Industries from a "neutral" rating to an "outperform" rating in a report on Monday, July 28th. Jefferies Financial Group started coverage on James Hardie Industries in a report on Friday, August 8th. They set a "buy" rating and a $34.00 target price on the stock. Baird R W upgraded James Hardie Industries to a "strong-buy" rating in a report on Friday, July 11th. William Blair started coverage on James Hardie Industries in a report on Friday, June 27th. They set an "outperform" rating on the stock. Finally, Truist Financial lowered their target price on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $36.67.
Get Our Latest Analysis on JHX
James Hardie Industries Trading Down 1.2%
Shares of James Hardie Industries stock opened at $29.29 on Friday. James Hardie Industries PLC. has a fifty-two week low of $19.72 and a fifty-two week high of $43.57. The firm has a market cap of $12.59 billion, a PE ratio of 29.89, a P/E/G ratio of 1.97 and a beta of 1.74. The business's fifty day moving average is $26.93 and its two-hundred day moving average is $27.02. 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 (NYSE:JHX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $971.50 million for the quarter, compared to analysts' expectations of $983.86 million. During the same period in the prior year, the company earned $1.61 EPS. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.
James Hardie Industries Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding JHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for James Hardie Industries PLC. (NYSE:JHX - Free Report).
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