Cubist Systematic Strategies LLC Makes New Investment in James Hardie Industries plc (NYSE:JHX)

Cubist Systematic Strategies LLC acquired a new position in James Hardie Industries plc (NYSE:JHX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,108 shares of the construction company’s stock, valued at approximately $66,000.

Several other large investors have also recently bought and sold shares of the business. Atlas Capital Advisors LLC acquired a new stake in James Hardie Industries in the first quarter valued at $30,000. Blue Trust Inc. grew its holdings in James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after purchasing an additional 374 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in James Hardie Industries by 693.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,012 shares during the last quarter. GAMMA Investing LLC grew its holdings in James Hardie Industries by 38.8% in the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock valued at $49,000 after purchasing an additional 341 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in James Hardie Industries in the first quarter valued at $71,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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 Stock Down 1.0 %

JHX opened at $36.67 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The firm has a market cap of $15.91 billion, a P/E ratio of 31.61, a PEG ratio of 4.08 and a beta of 1.74. James Hardie Industries plc has a 52 week low of $24.28 and a 52 week high of $43.57. The business’s fifty day simple moving average is $36.33 and its 200 day simple moving average is $34.91.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.01 billion. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. As a group, equities research analysts anticipate that James Hardie Industries plc will post 1.46 EPS for the current fiscal year.

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.