FNY Investment Advisers LLC Buys Shares of 84,638 James Hardie Industries PLC. (NYSE:JHX)

FNY Investment Advisers LLC purchased 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 disclosure with the Securities and Exchange Commission. The fund purchased 84,638 shares of the construction company's stock, valued at approximately $1,994,000. James Hardie Industries accounts for about 1.2% of FNY Investment Advisers LLC's holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JHX. TD Private Client Wealth LLC increased its stake in James Hardie Industries by 45.3% during 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 period. Aquatic Capital Management LLC bought a new stake in shares of James Hardie Industries in the 4th quarter worth about $55,000. Huntington National Bank increased its position in shares of 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 last quarter. Smartleaf Asset Management LLC increased its position in shares of James Hardie Industries by 262.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock worth $101,000 after purchasing an additional 2,380 shares during the last quarter. Finally, Aviso Financial Inc. increased its position in shares of James Hardie Industries by 69.3% in the 4th quarter. Aviso Financial Inc. now owns 3,983 shares of the construction company's stock worth $123,000 after purchasing an additional 1,631 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Performance

Shares of NYSE JHX traded down $0.74 during midday trading on Tuesday, hitting $25.06. The company's stock had a trading volume of 4,365,844 shares, compared to its average volume of 1,046,974. James Hardie Industries PLC. has a 1-year low of $19.72 and a 1-year high of $43.57. The firm's fifty day moving average price is $24.14 and its 200-day moving average price is $28.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.10. The firm has a market cap of $10.77 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.45 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

JHX has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of 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. Macquarie downgraded shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday, March 24th. Bank of America raised shares of James Hardie Industries from an "underperform" rating to a "buy" rating and dropped their target price for the stock from $27.40 to $27.35 in a research report on Thursday, March 27th. Raymond James Financial set a $55.00 target price on shares of James Hardie Industries in a research report on Monday, March 24th. Finally, Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.12.

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.