18,663 Shares in James Hardie Industries plc (NYSE:JHX) Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC acquired a new stake in James Hardie Industries plc (NYSE:JHX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,663 shares of the construction company's stock, valued at approximately $440,000.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in James Hardie Industries in the 4th quarter valued at about $27,000. TD Private Client Wealth LLC raised its holdings in James Hardie Industries by 45.3% during the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after buying an additional 303 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of James Hardie Industries during the fourth quarter valued at about $55,000. Huntington National Bank raised its holdings in shares of James Hardie Industries by 64.7% in the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock worth $70,000 after acquiring an additional 888 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in James Hardie Industries by 262.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock valued at $101,000 after purchasing an additional 2,380 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JHX. Truist Financial cut their target price 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. Raymond James set a $55.00 price objective on shares of James Hardie Industries in a report on Monday, March 24th. Morgan Stanley upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. Finally, Bank of America raised shares of James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their price objective for the stock from $27.40 to $27.35 in a research report on Thursday, March 27th. 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.12.

James Hardie Industries Stock Performance

James Hardie Industries stock traded up $0.87 during midday trading on Tuesday, reaching $24.78. The stock had a trading volume of 10,946,740 shares, compared to its average volume of 841,463. The firm has a market capitalization of $10.65 billion, a PE ratio of 24.53, a P/E/G ratio of 6.16 and a beta of 1.80. James Hardie Industries plc has a 12 month low of $19.72 and a 12 month high of $43.57. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average price is $23.36 and its 200 day moving average price is $29.44.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $971.50 million during the quarter, compared to the consensus estimate of $983.86 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. As a group, research analysts predict that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

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.