Walleye Capital LLC Invests $1.26 Million in James Hardie Industries PLC. $JHX

Key Points

• Walleye Capital LLC acquired a new stake in James Hardie Industries PLC, purchasing 53,374 shares valued at approximately $1,257,000 during the first quarter.
• James Hardie reported an EPS of $0.29 for the recent quarter, falling short of the analysts' expectations of $0.36, and demonstrated a 9.3% year-over-year revenue decline.
• The current consensus rating for James Hardie Industries is "Buy." Analysts predict an average price target of $33.27 per share.

Walleye Capital LLC acquired a new stake in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 53,374 shares of the construction company's stock, valued at approximately $1,257,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. increased its stake in James Hardie Industries by 59,775.3% during the 1st quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company's stock worth $125,478,000 after buying an additional 5,317,017 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of James Hardie Industries during the first quarter worth approximately $90,526,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of James Hardie Industries during the first quarter worth approximately $87,858,000. Lazard Asset Management LLC raised its stake in James Hardie Industries by 20.0% in the 4th quarter. Lazard Asset Management LLC now owns 964,583 shares of the construction company's stock valued at $29,718,000 after purchasing an additional 161,059 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in James Hardie Industries by 19.4% in the 4th quarter. Bank of America Corp DE now owns 453,206 shares of the construction company's stock valued at $13,963,000 after purchasing an additional 73,504 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.

Wall Street Analyst Weigh In

JHX has been the topic of several recent research reports. Wall Street Zen cut shares of James Hardie Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group assumed coverage on shares of James Hardie Industries in a research note on Friday, August 8th. They set a "buy" rating and a $34.00 price objective for the company. Robert W. Baird cut their price objective on shares of James Hardie Industries from $32.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, August 20th. Baird R W upgraded James Hardie Industries to a "strong-buy" rating in a research report on Friday, July 11th. Finally, Truist Financial reduced their price objective on James Hardie Industries from $35.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $33.27.

James Hardie Industries Trading Up 0.4%

James Hardie Industries stock traded up $0.09 during trading on Thursday, hitting $19.49. The company had a trading volume of 4,000,441 shares, compared to its average volume of 4,316,341. James Hardie Industries PLC. has a 1-year low of $17.91 and a 1-year high of $43.57. The company's 50 day simple moving average is $25.87 and its 200-day simple moving average is $25.92. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.74. The company has a current ratio of 3.76, a quick ratio of 3.31 and a debt-to-equity ratio of 1.12.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The firm had revenue of $899.90 million during the quarter, compared to analysts' expectations of $982.60 million. During the same quarter in the prior year, the firm posted $0.41 EPS. James Hardie Industries's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, analysts expect that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.

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.