Natixis Advisors LLC Increases Stake in James Hardie Industries PLC. (NYSE:JHX)

Key Points

• Natixis Advisors LLC increased its holdings in James Hardie Industries by 7.5%, owning 204,419 shares valued at approximately $4.8 million as per its latest SEC filing.
• Analysts have mixed ratings on James Hardie Industries, with a consensus rating of "Buy" and a target price of $37.34, despite a recent earnings miss their revenue down 3.3% year-over-year.
• The stock for James Hardie Industries has fluctuated between a twelve-month low of $19.72 and a high of $43.57, currently trading at approximately $27.74.

Natixis Advisors LLC raised its holdings in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,419 shares of the construction company's stock after purchasing an additional 14,176 shares during the period. Natixis Advisors LLC's holdings in James Hardie Industries were worth $4,816,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of James Hardie Industries in the first quarter worth $286,000. Verdence Capital Advisors LLC lifted its holdings in James Hardie Industries by 16.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 16,718 shares of the construction company's stock worth $394,000 after purchasing an additional 2,337 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in James Hardie Industries by 53.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 10,070 shares of the construction company's stock worth $237,000 after purchasing an additional 3,506 shares during the period. Whittier Trust Co. boosted its stake in James Hardie Industries by 12.4% in the 1st quarter. Whittier Trust Co. now owns 32,392 shares of the construction company's stock worth $763,000 after purchasing an additional 3,570 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of James Hardie Industries during the first quarter valued at about $87,858,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. William Blair assumed coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Robert W. Baird initiated coverage on shares of James Hardie Industries in a report on Friday, July 11th. They issued an "outperform" rating and a $32.00 price target on the stock. Baird R W upgraded James Hardie Industries to a "strong-buy" rating in a research report on Friday, July 11th. Wall Street Zen lowered James Hardie Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Truist Financial decreased their target price on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $37.34.

James Hardie Industries Price Performance

Shares of James Hardie Industries stock traded up $0.02 during trading on Thursday, hitting $27.74. 4,228,188 shares of the stock traded hands, compared to its average volume of 4,818,266. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.84 and a beta of 1.74. The company has a quick ratio of 1.67, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. James Hardie Industries PLC. has a 52 week low of $19.72 and a 52 week high of $43.57. The firm's fifty day moving average is $26.44 and its 200-day moving average is $27.25.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $971.50 million during the quarter, compared to analysts' expectations of $983.86 million. James Hardie Industries had a return on equity of 31.52% and a net margin of 10.94%. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. Research analysts expect that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.

James Hardie Industries 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.