GAMMA Investing LLC Has $759,000 Holdings in James Hardie Industries PLC. (NYSE:JHX)

GAMMA Investing LLC grew its holdings in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 2,189.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,207 shares of the construction company's stock after buying an additional 30,800 shares during the quarter. GAMMA Investing LLC's holdings in James Hardie Industries were worth $759,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in JHX. Rhumbline Advisers raised its stake in shares of James Hardie Industries by 5.2% in the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company's stock valued at $299,000 after buying an additional 482 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of James Hardie Industries by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company's stock valued at $616,000 after buying an additional 433 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of James Hardie Industries by 27.9% in the 4th quarter. Bank of New York Mellon Corp now owns 52,106 shares of the construction company's stock valued at $1,605,000 after buying an additional 11,353 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 valued at $101,000 after buying an additional 2,380 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of James Hardie Industries by 15.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,965 shares of the construction company's stock valued at $153,000 after buying an additional 662 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Price Performance

Shares of JHX traded down $0.83 during trading hours on Thursday, hitting $24.24. The stock had a trading volume of 4,997,069 shares, compared to its average volume of 1,066,618. James Hardie Industries PLC. has a 52 week low of $19.72 and a 52 week high of $43.57. The company's fifty day moving average is $24.20 and its two-hundred day moving average is $28.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.67. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 1.37 and a beta of 1.73.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 EPS 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 company had revenue of $971.50 million for the quarter, compared to the consensus estimate of $983.86 million. During the same period in the prior year, the company earned $1.61 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. On average, analysts anticipate that James Hardie Industries PLC. will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JHX. Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th. Truist Financial lowered their target price on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Raymond James Financial set a $55.00 target price on shares of James Hardie Industries in a report on Monday, March 24th. Wall Street Zen lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Macquarie lowered shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.12.

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.