5,126 Shares in James Hardie Industries plc (NYSE:JHX) Acquired by HighTower Advisors LLC

HighTower Advisors LLC bought a new position in shares of James Hardie Industries plc (NYSE:JHX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,126 shares of the construction company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in James Hardie Industries by 2.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,494 shares of the construction company’s stock valued at $502,000 after buying an additional 318 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of James Hardie Industries by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 32,630 shares of the construction company’s stock valued at $1,029,000 after acquiring an additional 375 shares in the last quarter. GAMMA Investing LLC raised its stake in James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after purchasing an additional 432 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 534 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in James Hardie Industries by 9.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 6,682 shares of the construction company’s stock worth $211,000 after acquiring an additional 559 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JHX shares. StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial assumed coverage on James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, James Hardie Industries currently has a consensus rating of “Hold” and an average price target of $40.25.

James Hardie Industries Stock Up 1.0 %

Shares of NYSE JHX opened at $31.87 on Thursday. James Hardie Industries plc has a 52-week low of $29.88 and a 52-week high of $43.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. The company’s 50 day moving average price is $34.19 and its 200-day moving average price is $34.59. The company has a market capitalization of $13.70 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 4.35 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share 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 firm 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 business posted $0.41 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. Equities analysts forecast that James Hardie Industries plc will post 1.47 earnings per share for the current 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.