Marshall Wace LLP Buys New Stake in James Hardie Industries plc (NYSE:JHX)

Marshall Wace LLP bought a new stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 21,714 shares of the construction company's stock, valued at approximately $669,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of James Hardie Industries in the third quarter worth about $71,000. Franklin Resources Inc. boosted its holdings in James Hardie Industries by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company's stock worth $315,000 after acquiring an additional 359 shares during the period. JPMorgan Chase & Co. boosted its holdings in James Hardie Industries by 156.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,327 shares of the construction company's stock worth $495,000 after acquiring an additional 7,526 shares during the period. Versant Capital Management Inc acquired a new stake in James Hardie Industries in the fourth quarter valued at approximately $25,000. Finally, Aaron Wealth Advisors LLC raised its stake in shares of James Hardie Industries by 14.1% during the fourth quarter. Aaron Wealth Advisors LLC now owns 9,007 shares of the construction company's stock valued at $278,000 after purchasing an additional 1,115 shares during the period. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Stock Performance

JHX stock traded down $0.17 during midday trading on Tuesday, reaching $23.81. The company had a trading volume of 1,048,295 shares, compared to its average volume of 537,054. The firm has a market capitalization of $10.23 billion, a PE ratio of 23.57, a P/E/G ratio of 6.16 and a beta of 1.80. The stock has a 50 day moving average price of $25.81 and a 200 day moving average price of $30.70. James Hardie Industries plc has a fifty-two week low of $19.72 and a fifty-two week high of $43.57. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The business 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%. Analysts anticipate that James Hardie Industries plc will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on JHX. Truist Financial set a $45.00 price target on shares of James Hardie Industries in a report on Monday, March 24th. Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Bank of America upgraded James Hardie Industries from an "underperform" rating to a "buy" rating and cut their price target for the stock from $27.40 to $27.35 in a research note on Thursday, March 27th. Raymond James set a $55.00 price objective on James Hardie Industries in a research note on Monday, March 24th. Finally, Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.