Dimensional Fund Advisors LP Buys 534 Shares of James Hardie Industries plc (NYSE:JHX)

Dimensional Fund Advisors LP grew its holdings in James Hardie Industries plc (NYSE:JHX) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,496 shares of the construction company’s stock after acquiring an additional 534 shares during the quarter. Dimensional Fund Advisors LP’s holdings in James Hardie Industries were worth $2,223,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Choreo LLC bought a new stake in shares of James Hardie Industries in the second quarter valued at about $249,000. Rhumbline Advisers boosted its position in shares of James Hardie Industries by 7.6% in the second quarter. Rhumbline Advisers now owns 8,908 shares of the construction company’s stock valued at $281,000 after acquiring an additional 626 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of James Hardie Industries by 144.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,828 shares of the construction company’s stock valued at $89,000 after acquiring an additional 1,670 shares during the period. Whittier Trust Co. boosted its position in shares of James Hardie Industries by 12.4% in the second quarter. Whittier Trust Co. now owns 20,328 shares of the construction company’s stock valued at $641,000 after acquiring an additional 2,241 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of James Hardie Industries by 155.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,475 shares of the construction company’s stock valued at $141,000 after acquiring an additional 2,726 shares during the period. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 0.3 %

JHX stock opened at $35.75 on Friday. The company has a market cap of $15.42 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 4.08 and a beta of 1.74. The business has a 50-day simple moving average of $36.11 and a 200 day simple moving average of $35.02. James Hardie Industries plc has a 52 week low of $24.28 and a 52 week high of $43.57. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, August 13th. The construction company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $991.90 million during the quarter, compared to the consensus estimate of $1.01 billion. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. James Hardie Industries’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts anticipate that James Hardie Industries plc will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

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.