Sequoia Financial Advisors LLC Purchases 59,706 Shares of James Hardie Industries PLC. (NYSE:JHX)

Sequoia Financial Advisors LLC increased its position in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 473.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,316 shares of the construction company's stock after buying an additional 59,706 shares during the quarter. Sequoia Financial Advisors LLC's holdings in James Hardie Industries were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Clarius Group LLC increased its holdings in James Hardie Industries by 17.0% in the first quarter. Clarius Group LLC now owns 10,529 shares of the construction company's stock valued at $248,000 after purchasing an additional 1,529 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of James Hardie Industries in the 1st quarter valued at about $1,994,000. Legacy Wealth Asset Management LLC acquired a new stake in shares of James Hardie Industries in the first quarter valued at about $440,000. Rhumbline Advisers raised its position in shares of James Hardie Industries by 10.3% during the first quarter. Rhumbline Advisers now owns 10,694 shares of the construction company's stock worth $252,000 after acquiring an additional 999 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of James Hardie Industries by 2,189.1% during the first quarter. GAMMA Investing LLC now owns 32,207 shares of the construction company's stock worth $759,000 after acquiring an additional 30,800 shares during the last quarter. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Trading Up 1.0%

Shares of JHX stock traded up $0.29 during trading hours on Wednesday, hitting $28.37. 13,846,412 shares of the company were exchanged, compared to its average volume of 1,435,898. The company has a 50 day simple moving average of $24.94 and a two-hundred day simple moving average of $28.05. The firm has a market cap of $12.20 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.58 and a beta of 1.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.10. James Hardie Industries PLC. has a fifty-two week low of $19.72 and a fifty-two week high of $43.57.

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 company had revenue of $971.50 million for the quarter, compared to the consensus estimate 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 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 earnings per share. Equities analysts anticipate that James Hardie Industries PLC. will post 1.39 EPS for the current year.

Analysts Set New Price Targets

JHX has been the topic of several analyst reports. William Blair initiated coverage on James Hardie Industries in a report on Friday, June 27th. They issued an "outperform" rating on the stock. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday, March 24th. Bank of America raised shares of James Hardie Industries from an "underperform" rating to a "buy" rating and lowered their target price for the stock from $27.40 to $27.35 in a research note on Thursday, March 27th. Truist Financial dropped their target price 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. Finally, Wall Street Zen downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.12.

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.