Cerity Partners LLC Acquires 13,981 Shares of James Hardie Industries plc (NYSE:JHX)

Cerity Partners LLC lifted its holdings in James Hardie Industries plc (NYSE:JHX) by 58.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,771 shares of the construction company’s stock after purchasing an additional 13,981 shares during the quarter. Cerity Partners LLC’s holdings in James Hardie Industries were worth $1,517,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in James Hardie Industries during the second quarter worth $12,162,000. Natixis Advisors LLC increased its holdings in shares of James Hardie Industries by 317.2% in the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after purchasing an additional 131,120 shares during the last quarter. Creative Planning increased its holdings in shares of James Hardie Industries by 16.3% in the third quarter. Creative Planning now owns 77,168 shares of the construction company’s stock valued at $3,098,000 after purchasing an additional 10,803 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of James Hardie Industries by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock valued at $2,223,000 after purchasing an additional 534 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in shares of James Hardie Industries in the third quarter valued at $2,369,000. Institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on JHX shares. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

James Hardie Industries Stock Down 0.3 %

JHX stock opened at $36.59 on Wednesday. The stock has a market capitalization of $15.71 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 4.64 and a beta of 1.77. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a 12 month low of $29.88 and a 12 month high of $43.57. The firm has a 50-day moving average price of $35.52 and a 200-day moving average price of $34.37.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, equities research analysts anticipate that James Hardie Industries plc will post 1.47 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.