GAMMA Investing LLC Purchases 30,800 Shares of James Hardie Industries PLC. (NYSE:JHX)

GAMMA Investing LLC lifted 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 disclosure with the Securities & Exchange Commission. The firm owned 32,207 shares of the construction company's stock after acquiring an additional 30,800 shares during the period. GAMMA Investing LLC's holdings in James Hardie Industries were worth $759,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JHX. AdvisorNet Financial Inc lifted its position in shares of James Hardie Industries by 672.7% in 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 in the last quarter. Versant Capital Management Inc lifted its position in shares of James Hardie Industries by 854.5% in 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 in the last quarter. Boston Common Asset Management LLC lifted its position in shares of James Hardie Industries by 28.5% in the first quarter. Boston Common Asset Management LLC now owns 64,297 shares of the construction company's stock worth $1,515,000 after buying an additional 14,248 shares in the last quarter. Forum Financial Management LP lifted its position in shares of James Hardie Industries by 63.6% in the fourth quarter. Forum Financial Management LP now owns 8,694 shares of the construction company's stock worth $268,000 after buying an additional 3,381 shares in the last quarter. Finally, GTS Securities LLC purchased a new stake in shares of James Hardie Industries in the fourth quarter worth about $401,000. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Trading Down 1.2%

JHX stock traded down $0.29 during midday trading on Friday, reaching $23.99. 5,274,411 shares of the company traded hands, compared to its average volume of 1,091,449. James Hardie Industries PLC. has a 52-week low of $19.72 and a 52-week high of $43.57. 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 business has a 50 day moving average of $24.28 and a 200-day moving average of $28.46. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.35 and a beta of 1.73.

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 (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 business 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 business posted $1.61 earnings per share. James Hardie Industries's revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts expect that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JHX shares. Wall Street Zen downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Morgan Stanley upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Monday, March 24th. Raymond James Financial set a $55.00 price objective on James Hardie Industries in a research report on Monday, March 24th. Macquarie downgraded James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday, March 24th. Finally, Truist Financial decreased their price objective on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.12.

About James Hardie Industries

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.