Jane Street Group LLC Boosts Stake in James Hardie Industries plc (NYSE:JHX)

Jane Street Group LLC increased its holdings in James Hardie Industries plc (NYSE:JHX - Free Report) by 184.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,531 shares of the construction company's stock after purchasing an additional 56,104 shares during the quarter. Jane Street Group LLC's holdings in James Hardie Industries were worth $2,666,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JHX. Northern Trust Corp lifted its position in shares of James Hardie Industries by 76.3% in the fourth quarter. Northern Trust Corp now owns 374,164 shares of the construction company's stock valued at $11,528,000 after acquiring an additional 161,899 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of James Hardie Industries by 10.3% in the fourth quarter. Natixis Advisors LLC now owns 190,243 shares of the construction company's stock valued at $5,861,000 after acquiring an additional 17,783 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of James Hardie Industries by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 122,127 shares of the construction company's stock valued at $3,763,000 after acquiring an additional 3,500 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of James Hardie Industries by 23.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 90,741 shares of the construction company's stock valued at $2,796,000 after acquiring an additional 17,082 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of James Hardie Industries by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 72,779 shares of the construction company's stock valued at $2,242,000 after acquiring an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Stock Performance

Shares of James Hardie Industries stock traded down $0.16 on Friday, hitting $25.18. The stock had a trading volume of 2,556,410 shares, compared to its average volume of 611,879. James Hardie Industries plc has a 52-week low of $19.72 and a 52-week high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 6.16 and a beta of 1.80. The company's 50 day moving average price is $24.56 and its 200 day moving average price is $30.16.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $953.30 million for the quarter, compared to analysts' expectations of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. On average, research analysts anticipate that James Hardie Industries plc will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Truist Financial set a $45.00 target price on James Hardie Industries in a research note on Monday, March 24th. Morgan Stanley raised James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th. Raymond James set a $55.00 price target on James Hardie Industries in a report on Monday, March 24th. Finally, Bank of America raised James Hardie Industries from an "underperform" rating to a "buy" rating and decreased their price target for the stock from $27.40 to $27.35 in a report on Thursday, March 27th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.45.

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.