SPX Gestao de Recursos Ltda Buys New Shares in James Hardie Industries PLC. $JHX

Key Points

• Institutional buying: SPX Gestao de Recursos opened a new Q3 position in James Hardie with 101,600 shares (~$1.95M), while several large funds also added or initiated sizable stakes—Massachusetts Financial Services boosted holdings to 12.72M shares (up 241%), and Phoenix, Balyasny, Eminence and Stephens all placed multi‑million dollar positions; institutional investors own about 7.96% of the stock.
• Analyst sentiment is cautiously positive: The consensus rating is a "Moderate Buy" (12 Buys, 4 Holds) with a consensus target price of $26.71, and several recent upgrades (e.g., JPMorgan to Overweight, Vertical Research to Buy) offsetting some downgrades.
• Recent performance and fundamentals: JHX opened at $21.17 (down 4.3%), has a 52‑week range of $16.46–$32.69 and a $9.1B market cap; the company beat quarterly EPS estimates ($0.24 vs. $0.23) and reported revenue up 30.1% year‑over‑year, though valuation metrics include a PE of 78.4.

SPX Gestao de Recursos Ltda purchased a new position in James Hardie Industries PLC. (NYSE:JHX - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 101,600 shares of the construction company's stock, valued at approximately $1,952,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JHX. Massachusetts Financial Services Co. MA lifted its holdings in shares of James Hardie Industries by 241.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,718,075 shares of the construction company's stock worth $341,989,000 after acquiring an additional 8,988,938 shares during the period. Phoenix Financial Ltd. purchased a new stake in James Hardie Industries in the third quarter valued at approximately $105,839,000. Balyasny Asset Management L.P. increased its position in James Hardie Industries by 1,883.6% during the second quarter. Balyasny Asset Management L.P. now owns 3,874,198 shares of the construction company's stock worth $104,177,000 after purchasing an additional 3,678,889 shares during the last quarter. Eminence Capital LP purchased a new position in James Hardie Industries during the second quarter worth approximately $83,249,000. Finally, Stephens Investment Management Group LLC purchased a new position in James Hardie Industries during the third quarter worth approximately $38,552,000. Hedge funds and other institutional investors own 7.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JHX. Raymond James Financial set a $21.00 price objective on James Hardie Industries in a report on Monday, December 8th. Vertical Research upgraded James Hardie Industries from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Wednesday, November 19th. Zacks Research cut James Hardie Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, February 11th. Finally, Robert W. Baird decreased their price objective on shares of James Hardie Industries from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Wednesday, November 19th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and a consensus target price of $26.71.

James Hardie Industries Stock Down 4.3%

NYSE JHX opened at $21.17 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.73. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $32.69. The business has a 50 day moving average price of $23.44 and a two-hundred day moving average price of $21.18. The stock has a market cap of $9.10 billion, a PE ratio of 78.40, a P/E/G ratio of 4.93 and a beta of 1.78.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. James Hardie Industries's revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. As a group, sell-side analysts predict that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.

James Hardie Industries Company Profile

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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