SG Americas Securities LLC Has $13.08 Million Holdings in James Hardie Industries PLC. $JHX

Key Points

• SG Americas Securities LLC raised its stake in James Hardie by 819.2% in Q4, adding 561,556 shares to hold 630,106 shares worth about $13.08 million (roughly 0.15% ownership).
• Large institutional moves continue (e.g., Wellington Management now owns ~50.65M shares ≈ $973M) and analyst sentiment is broadly positive with a consensus rating of "Moderate Buy" and a consensus target price of $26.63, including recent upgrades and higher targets such as Truist's $30.
• James Hardie slightly beat Q4 EPS estimates ($0.24 vs. $0.23) with revenue up 30.1% YoY, but the stock has recently traded near $18.01, reflecting a high P/E of 66.7 and a market cap around $7.74 billion.

SG Americas Securities LLC lifted its stake in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) by 819.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 630,106 shares of the construction company's stock after acquiring an additional 561,556 shares during the quarter. SG Americas Securities LLC owned about 0.15% of James Hardie Industries worth $13,075,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JHX. Wellington Management Group LLP lifted its holdings in James Hardie Industries by 259.7% in the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company's stock worth $972,981,000 after purchasing an additional 36,567,726 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in James Hardie Industries by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,600,870 shares of the construction company's stock worth $261,273,000 after purchasing an additional 882,795 shares during the period. Phoenix Financial Ltd. acquired a new position in James Hardie Industries during the third quarter valued at approximately $105,839,000. Alyeska Investment Group L.P. raised its position in shares of James Hardie Industries by 100.9% in the third quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company's stock valued at $87,055,000 after purchasing an additional 2,275,762 shares during the period. Finally, Capital World Investors bought a new position in shares of James Hardie Industries in the third quarter valued at approximately $86,121,000. 7.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JHX shares. JPMorgan Chase & Co. raised shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, February 11th. Barclays lifted their target price on shares of James Hardie Industries from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Thursday, February 12th. Zacks Research cut shares of James Hardie Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Truist Financial raised their price target on 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, Raymond James Financial set a $21.00 price objective on James Hardie Industries in a research note on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, James Hardie Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.63.

James Hardie Industries Trading Down 3.6%

Shares of James Hardie Industries stock opened at $18.01 on Friday. The company's fifty day simple moving average is $22.78 and its 200-day simple moving average is $21.12. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 66.70, a PEG ratio of 4.02 and a beta of 1.78. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its earnings results on Tuesday, February 10th. The construction company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the company earned $0.36 EPS. The business's quarterly revenue was up 30.1% compared to the same quarter last year. As a group, sell-side 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.