UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) by 107.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 407,485 shares of the construction company's stock after buying an additional 210,729 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of James Hardie Industries worth $10,668,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Hill City Capital LP lifted its stake in shares of James Hardie Industries by 1.8% in the 2nd quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company's stock valued at $149,852,000 after acquiring an additional 102,200 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of James Hardie Industries during the second quarter worth about $1,114,000. Corient Private Wealth LP increased its position in James Hardie Industries by 122.0% in the 2nd quarter. Corient Private Wealth LP now owns 26,351 shares of the construction company's stock valued at $690,000 after acquiring an additional 14,480 shares during the period. Fund 1 Investments LLC acquired a new stake in James Hardie Industries in the second quarter valued at $1,047,000. Finally, Castleark Management LLC bought a new position in shares of James Hardie Industries during the second quarter worth about $6,120,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.
James Hardie Industries Trading Down 0.1%
Shares of JHX stock opened at $30.35 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $27.74 and a 200-day moving average of $23.88. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $31.35. The firm has a market cap of $17.61 billion, a P/E ratio of 121.40, a PEG ratio of 2.61 and a beta of 1.77.
James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company's quarterly revenue was up 63.9% compared to the same quarter last year. Sell-side analysts anticipate that James Hardie Industries PLC. will post 1.41 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a research note on Friday, August 7th. Oppenheimer boosted their price objective on James Hardie Industries from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Zacks Research raised shares of James Hardie Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Raymond James Financial set a $35.00 target price on shares of James Hardie Industries in a report on Monday, August 10th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, James Hardie Industries presently has an average rating of "Moderate Buy" and a consensus price target of $32.50.
View Our Latest Analysis on JHX
About James Hardie Industries
(
Free Report)
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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