Hill City Capital LP Increases Position in James Hardie Industries PLC. $JHX

Key Points

• Hill City Capital increased its James Hardie Industries position by 1.8% in the second quarter, adding 102,200 shares to own 5.72 million shares valued at approximately $149.9 million, or 0.99% of the company.
• Analysts remain broadly positive, with nine Buy ratings and two Holds. James Hardie has a consensus “Moderate Buy” rating and an average price target of $32.50, above the reported $30.38 share price.
• The company exceeded quarterly expectations, reporting $0.36 in EPS versus the $0.32 consensus and $1.47 billion in revenue versus $1.42 billion expected; revenue rose 63.9% year over year.

Hill City Capital LP boosted its position in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,723,900 shares of the construction company's stock after purchasing an additional 102,200 shares during the period. James Hardie Industries makes up about 3.8% of Hill City Capital LP's portfolio, making the stock its 7th largest holding. Hill City Capital LP owned 0.99% of James Hardie Industries worth $149,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JHX. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of James Hardie Industries in the 1st quarter worth $28,000. Modus Advisors LLC bought a new position in James Hardie Industries during the fourth quarter valued at about $31,000. Global Retirement Partners LLC boosted its stake in James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company's stock valued at $33,000 after buying an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in James Hardie Industries by 11,238.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company's stock worth $40,000 after acquiring an additional 1,461 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in James Hardie Industries during the fourth quarter worth about $41,000. 7.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JHX. Stephens upped their price target on shares of James Hardie Industries from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Robert W. Baird set a $34.00 price objective on shares of James Hardie Industries in a research note on Friday, August 7th. Zacks Research upgraded shares of James Hardie Industries from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Raymond James Financial set a $35.00 target price on shares of James Hardie Industries in a research note on Monday, August 10th. Finally, Oppenheimer raised their target price on shares of James Hardie Industries from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and an average target price of $32.50.

James Hardie Industries Stock Down 0.2%

Shares of James Hardie Industries stock opened at $30.38 on Monday. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $31.35. The firm has a market capitalization of $17.63 billion, a PE ratio of 121.52, a price-to-earnings-growth ratio of 1.91 and a beta of 1.77. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average is $26.85 and its 200-day moving average is $23.51.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.James Hardie Industries's revenue for the quarter was up 63.9% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. Equities analysts anticipate that James Hardie Industries PLC. will post 1.43 earnings per share for the current year.

James Hardie Industries Company Profile

James Hardie Industries plc NYSE: JHX is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company's flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.

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