XTX Topco Ltd Takes Position in James Hardie Industries PLC. (NYSE:JHX)

Key Points

• XTX Topco Ltd acquired a stake in James Hardie Industries PLC during the first quarter, purchasing 12,131 shares valued at approximately $286,000.
• James Hardie Industries stock has seen an increase of 2.0%, with its market capitalization currently at $12.15 billion and a P/E ratio of 28.84.
• Analysts have mixed opinions, with Jefferies giving a "buy" rating and a $34 target price, while Truist Financial decreased their target to $35 but still maintains a "buy" rating.

XTX Topco Ltd purchased a new stake in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,131 shares of the construction company's stock, valued at approximately $286,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased 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 during the last quarter. GAMMA Investing LLC increased its holdings in James Hardie Industries by 2,189.1% in the 1st quarter. GAMMA Investing LLC now owns 32,207 shares of the construction company's stock valued at $759,000 after purchasing an additional 30,800 shares during the last quarter. Cerity Partners LLC increased its holdings in James Hardie Industries by 39.3% in the 1st quarter. Cerity Partners LLC now owns 46,083 shares of the construction company's stock valued at $1,086,000 after purchasing an additional 12,990 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in James Hardie Industries by 7.4% in the 1st quarter. Bank of New York Mellon Corp now owns 55,944 shares of the construction company's stock valued at $1,318,000 after purchasing an additional 3,838 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in James Hardie Industries by 21.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 110,133 shares of the construction company's stock valued at $2,595,000 after purchasing an additional 19,392 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Up 2.0%

James Hardie Industries stock opened at $28.26 on Monday. James Hardie Industries PLC. has a twelve month low of $19.72 and a twelve month high of $43.57. The stock's fifty day simple moving average is $26.63 and its 200-day simple moving average is $27.06. The company has a current ratio of 2.10, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $12.15 billion, a P/E ratio of 28.84, a P/E/G ratio of 1.88 and a beta of 1.74.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). James Hardie Industries had a return on equity of 31.52% and a net margin of 10.94%. The company had revenue of $971.50 million for the quarter, compared to analysts' expectations of $983.86 million. During the same period in the prior year, the company posted $1.61 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts expect that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of James Hardie Industries in a report on Friday. They issued a "buy" rating and a $34.00 target price for the company. Truist Financial dropped their target price on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Macquarie upgraded shares of James Hardie Industries from a "neutral" rating to an "outperform" rating in a report on Monday, July 28th. Finally, Robert W. Baird started coverage on James Hardie Industries in a research report on Friday, July 11th. They set an "outperform" rating and a $32.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $36.67.

James Hardie Industries Company 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.

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