Private Advisory Group LLC Purchases Shares of 396,655 James Hardie Industries PLC. (NYSE:JHX)

Private Advisory Group LLC acquired a new position in James Hardie Industries PLC. (NYSE:JHX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 396,655 shares of the construction company's stock, valued at approximately $9,345,000. James Hardie Industries accounts for 1.0% of Private Advisory Group LLC's investment portfolio, making the stock its 24th largest position. Private Advisory Group LLC owned about 0.09% of James Hardie Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JHX. Aquatic Capital Management LLC purchased a new stake in James Hardie Industries in the 4th quarter worth approximately $55,000. Huntington National Bank increased its stake in shares of James Hardie Industries by 64.7% in the fourth 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. Legal & General Group Plc raised its holdings in shares of James Hardie Industries by 98.0% during the fourth quarter. Legal & General Group Plc now owns 5,049 shares of the construction company's stock worth $156,000 after acquiring an additional 2,499 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of James Hardie Industries by 9.5% during the fourth quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock worth $161,000 after acquiring an additional 453 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in James Hardie Industries by 854.5% during the first quarter. Versant Capital Management Inc now owns 7,875 shares of the construction company's stock valued at $186,000 after purchasing an additional 7,050 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Stock Performance

James Hardie Industries stock traded down $0.01 during trading hours on Friday, reaching $25.93. 3,281,762 shares of the company were exchanged, compared to its average volume of 3,274,498. James Hardie Industries PLC. has a 12 month low of $19.72 and a 12 month high of $43.57. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.80 and a beta of 1.75. The company has a current ratio of 2.10, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $26.13 and a 200 day moving average of $27.42.

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

Analysts Set New Price Targets

Several research analysts have weighed in on JHX shares. Wall Street Zen lowered James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird initiated coverage on James Hardie Industries in a report on Friday, July 11th. They issued an "outperform" rating and a $32.00 price objective on the stock. Baird R W upgraded shares of James Hardie Industries to a "strong-buy" rating in a research note on Friday, July 11th. Macquarie raised shares of James Hardie Industries from a "neutral" rating to an "outperform" rating in a research report on Monday. Finally, Truist Financial cut their price target on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $37.34.

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.