James Hardie Industries plc (NYSE:JHX) Stock Holdings Lifted by Fmr LLC

Fmr LLC raised its stake in shares of James Hardie Industries plc (NYSE:JHX) by 22.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,273 shares of the construction company’s stock after buying an additional 29,401 shares during the period. Fmr LLC’s holdings in James Hardie Industries were worth $6,435,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of James Hardie Industries by 55.7% during the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after acquiring an additional 374 shares in the last quarter. GAMMA Investing LLC raised its position in shares of James Hardie Industries by 46.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after acquiring an additional 432 shares during the last quarter. Huntington National Bank bought a new stake in shares of James Hardie Industries in the 3rd quarter valued at about $55,000. Cubist Systematic Strategies LLC bought a new stake in shares of James Hardie Industries in the 2nd quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in James Hardie Industries by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,828 shares of the construction company’s stock worth $89,000 after purchasing an additional 1,670 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 1.1 %

JHX stock opened at $34.21 on Friday. The stock has a market capitalization of $14.69 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 4.45 and a beta of 1.77. James Hardie Industries plc has a 12 month low of $29.88 and a 12 month high of $43.57. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $34.95 and a 200-day moving average price of $34.48.

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

Analysts Set New Price Targets

A number of research firms have weighed in on JHX. StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Finally, Truist Financial assumed coverage on shares of James Hardie Industries in a research note on Tuesday. They issued a “buy” rating and a $45.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.25.

About James Hardie Industries

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.