James Hardie Industries PLC. $JHX Shares Acquired by Hill City Capital LP

Key Points

• Hill City Capital increased its James Hardie Industries stake by 1.8% in the second quarter, acquiring 102,200 additional shares. The fund now owns 5.72 million shares, valued at approximately $149.9 million, or 0.99% of JHX.
• Analysts remain broadly positive, with nine Buy ratings and two Hold ratings. James Hardie has a consensus “Moderate Buy” rating and an average price target of $32.50.
• JHX reported quarterly EPS of $0.36, beating estimates of $0.32, while revenue rose 63.9% year over year to $1.47 billion. Shares opened at $30.38, near the company’s 52-week high of $31.35.

Hill City Capital LP lifted its holdings in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,723,900 shares of the construction company's stock after buying an additional 102,200 shares during the period. James Hardie Industries makes up 0.0% of Hill City Capital LP's holdings, making the stock its 29th biggest position. Hill City Capital LP owned 0.99% of James Hardie Industries worth $149,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in James Hardie Industries during the 1st quarter valued at about $28,000. Modus Advisors LLC purchased a new position in James Hardie Industries in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC lifted its stake in James Hardie Industries by 3,431.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company's stock worth $33,000 after purchasing an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company's stock worth $40,000 after purchasing an additional 1,461 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of James Hardie Industries during the 4th quarter worth approximately $41,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JHX has been the subject of a number of analyst reports. Raymond James Financial set a $35.00 price target on James Hardie Industries in a research report on Monday, August 10th. Zacks Research upgraded James Hardie Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Robert W. Baird set a $34.00 price objective on James Hardie Industries in a research note on Friday, August 7th. Stephens upped their target price on James Hardie Industries from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Truist Financial upped their target price on James Hardie Industries from $30.00 to $40.00 and gave the company a "buy" rating in a report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, James Hardie Industries has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

James Hardie Industries Stock Down 0.2%

Shares of NYSE JHX opened at $30.38 on Monday. The company has a market capitalization of $17.63 billion, a P/E ratio of 121.52, a P/E/G ratio of 1.91 and a beta of 1.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The company has a 50 day simple moving average of $26.85 and a 200-day simple moving average of $23.51. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $31.35.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The firm's quarterly revenue was up 63.9% on a year-over-year basis. On average, equities research analysts predict 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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