Massachusetts Financial Services Co. MA Lowers Holdings in James Hardie Industries PLC. $JHX

Key Points

• Massachusetts Financial Services cut its stake in James Hardie Industries by 7.1% in Q4, selling 967,270 shares and now holds 12,633,600 shares (~2.94%) valued at about $262.1 million.
• Wall Street sentiment is broadly positive with a consensus "Moderate Buy" (10 Buy, 4 Hold) and a consensus price target of $26.13, though recent analyst moves were mixed — JPMorgan upgraded to overweight while Barclays trimmed its target to $22.
• James Hardie beat Q4 estimates with EPS of $0.24 and revenue of $1.24B (up 30.1% YoY); the stock trades near $21.07, has a PE of ~78 and a 12‑month range of $16.46–$29.83.

Massachusetts Financial Services Co. MA cut its position in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,633,600 shares of the construction company's stock after selling 967,270 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.94% of James Hardie Industries worth $262,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Yousif Capital Management LLC purchased a new stake in James Hardie Industries in the 4th quarter worth approximately $184,000. Flagship Harbor Advisors LLC increased its holdings in shares of James Hardie Industries by 41.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 19,788 shares of the construction company's stock worth $411,000 after buying an additional 5,837 shares during the last quarter. SG Americas Securities LLC raised its position in shares of James Hardie Industries by 819.2% during the 4th quarter. SG Americas Securities LLC now owns 630,106 shares of the construction company's stock valued at $13,075,000 after buying an additional 561,556 shares in the last quarter. Green Alpha Advisors LLC purchased a new stake in shares of James Hardie Industries during the 4th quarter valued at $464,000. Finally, Hilltop National Bank purchased a new stake in shares of James Hardie Industries during the 4th quarter valued at $47,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research report on Wednesday, February 11th. Zacks Research cut shares of James Hardie Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Truist Financial raised their price objective 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. Finally, Barclays lowered their price objective on shares of James Hardie Industries from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 8th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.13.

James Hardie Industries Price Performance

Shares of James Hardie Industries stock opened at $21.07 on Monday. The firm has a market cap of $9.06 billion, a PE ratio of 78.02, a price-to-earnings-growth ratio of 3.93 and a beta of 1.84. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $29.83. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $21.86 and its two-hundred day simple moving average is $21.11.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced 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. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. The company's revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities analysts expect that James Hardie Industries PLC. will post 1.39 EPS 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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