Jane Street Group LLC increased its holdings in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 184.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,531 shares of the construction company's stock after purchasing an additional 56,104 shares during the period. Jane Street Group LLC's holdings in James Hardie Industries were worth $2,666,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of James Hardie Industries in the 4th quarter valued at $27,000. TD Private Client Wealth LLC boosted its position in shares of James Hardie Industries by 45.3% during the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after purchasing an additional 303 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of James Hardie Industries in the 4th quarter valued at about $55,000. Huntington National Bank increased its position in James Hardie Industries by 64.7% in the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock valued at $70,000 after buying an additional 888 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in James Hardie Industries by 262.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock worth $101,000 after buying an additional 2,380 shares during the period. 7.96% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently commented on JHX. Bank of America upgraded James Hardie Industries from an "underperform" rating to a "buy" rating and decreased their price objective for the company from $27.40 to $27.35 in a report on Thursday, March 27th. StockNews.com raised shares of James Hardie Industries from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Raymond James set a $55.00 price objective on shares of James Hardie Industries in a report on Monday, March 24th. Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.45.
View Our Latest Stock Report on James Hardie Industries
James Hardie Industries Stock Down 0.9%
JHX stock traded down $0.22 during trading on Tuesday, reaching $25.04. The stock had a trading volume of 142,505 shares, compared to its average volume of 614,966. James Hardie Industries plc has a one year low of $19.72 and a one year high of $43.57. The company's 50 day moving average is $24.44 and its two-hundred day moving average is $30.11. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 6.16 and a beta of 1.80.
James Hardie Industries (NYSE:JHX - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. Equities research analysts forecast that James Hardie Industries plc will post 1.39 EPS for the current year.
James Hardie Industries Company Profile
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Free Report)
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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