James Hardie Industries PLC. $JHX Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC cut its stake in James Hardie by 48.6% in Q3, selling 843,478 shares and leaving 892,148 shares valued at about $17.14 million.
• Analyst sentiment has turned positive with several upgrades (notably JPMorgan to Overweight and Truist to Buy), an average rating of “Moderate Buy” and an average target price of $26.71.
• James Hardie beat Q results slightly with EPS of $0.24 (vs. $0.23 est.) and revenue up 30.1% year-over-year; the stock carries a market cap of $8.86 billion and a P/E of 76.31.

Natixis Advisors LLC lessened its position in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) by 48.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 892,148 shares of the construction company's stock after selling 843,478 shares during the quarter. Natixis Advisors LLC owned about 0.21% of James Hardie Industries worth $17,138,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in James Hardie Industries by 7.0% during the third quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company's stock worth $151,000 after acquiring an additional 525 shares during the last quarter. Greenleaf Trust raised its position in James Hardie Industries by 7.1% in the third quarter. Greenleaf Trust now owns 10,645 shares of the construction company's stock valued at $204,000 after purchasing an additional 703 shares during the period. Osaic Holdings Inc. lifted its stake in shares of James Hardie Industries by 67.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company's stock valued at $67,000 after purchasing an additional 1,034 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of James Hardie Industries by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 10,211 shares of the construction company's stock valued at $196,000 after purchasing an additional 1,202 shares during the last quarter. Finally, MAI Capital Management grew its holdings in shares of James Hardie Industries by 4,266.7% during the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company's stock worth $35,000 after purchasing an additional 1,280 shares during the period. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays boosted their price objective on shares of James Hardie Industries from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Thursday, February 12th. Zacks Research lowered shares of James Hardie Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Truist Financial lifted their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. raised shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, February 11th. Finally, Vertical Research upgraded shares of James Hardie Industries from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Wednesday, November 19th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.71.

James Hardie Industries Stock Performance

Shares of James Hardie Industries stock opened at $20.60 on Thursday. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 76.31, a price-to-earnings-growth ratio of 4.65 and a beta of 1.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.54 and a quick ratio of 0.95. The business has a 50-day moving average of $23.45 and a 200 day moving average of $21.16. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $32.69.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. James Hardie Industries's revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. As a group, sell-side analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

About James Hardie Industries

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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