XTX Topco Ltd Buys New 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 position in shares of James Hardie Industries PLC. (NYSE:JHX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,131 shares of the construction company's stock, valued at approximately $286,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in James Hardie Industries by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 16,572 shares of the construction company's stock worth $511,000 after purchasing an additional 4,245 shares in the last quarter. Franklin Resources Inc. increased its holdings in James Hardie Industries by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 9,416 shares of the construction company's stock worth $290,000 after purchasing an additional 865 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in James Hardie Industries by 23.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 90,741 shares of the construction company's stock worth $2,796,000 after purchasing an additional 17,082 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in James Hardie Industries by 9.5% in the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock worth $161,000 after purchasing an additional 453 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in James Hardie Industries by 98.0% in the 4th quarter. Legal & General Group Plc now owns 5,049 shares of the construction company's stock worth $156,000 after purchasing an additional 2,499 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Trading Down 1.1%

Shares of JHX stock traded down $0.31 on Friday, hitting $28.96. The company had a trading volume of 543,960 shares, compared to its average volume of 3,312,997. The firm has a market cap of $12.45 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.97 and a beta of 1.74. The stock's 50-day moving average is $26.93 and its two-hundred day moving average is $27.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.10. James Hardie Industries PLC. has a twelve month low of $19.72 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). James Hardie Industries had a net margin of 10.94% and a return on equity of 31.52%. The business had revenue of $971.50 million for the quarter, compared to the consensus estimate of $983.86 million. During the same quarter in the previous year, the company earned $1.61 EPS. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of recent research reports. Wall Street Zen cut James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Macquarie raised James Hardie Industries from a "neutral" rating to an "outperform" rating in a research note on Monday, July 28th. Jefferies Financial Group assumed coverage on James Hardie Industries in a research note on Friday, August 8th. They issued a "buy" rating and a $34.00 price target for the company. Robert W. Baird assumed coverage on James Hardie Industries in a research note on Friday, July 11th. They issued an "outperform" rating and a $32.00 price target for the company. Finally, William Blair assumed coverage on James Hardie Industries in a research note on Friday, June 27th. They issued an "outperform" rating for the company. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, James Hardie Industries has an average rating of "Buy" and a consensus target price of $36.67.

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.