James Hardie Industries plc (NYSE:JHX) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in James Hardie Industries plc (NYSE:JHX) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,074 shares of the construction company’s stock after buying an additional 433 shares during the period. Sanctuary Advisors LLC’s holdings in James Hardie Industries were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JHX. Allspring Global Investments Holdings LLC raised its position in shares of James Hardie Industries by 39.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the construction company’s stock valued at $250,000 after buying an additional 1,763 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in James Hardie Industries by 29.7% in the third quarter. First Trust Direct Indexing L.P. now owns 25,716 shares of the construction company’s stock valued at $1,032,000 after acquiring an additional 5,895 shares in the last quarter. US Bancorp DE raised its holdings in James Hardie Industries by 2.8% in the third quarter. US Bancorp DE now owns 28,996 shares of the construction company’s stock valued at $1,164,000 after acquiring an additional 780 shares in the last quarter. Forum Financial Management LP acquired a new stake in James Hardie Industries in the third quarter valued at $213,000. Finally, PDS Planning Inc acquired a new stake in James Hardie Industries in the third quarter valued at $255,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analysts Set New Price Targets

JHX has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Truist Financial initiated coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, StockNews.com cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.00.

James Hardie Industries Stock Up 0.9 %

Shares of NYSE:JHX opened at $31.76 on Friday. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 6.16 and a beta of 1.81. James Hardie Industries plc has a 1-year low of $29.88 and a 1-year high of $43.57. The company’s fifty day moving average is $32.43 and its two-hundred day moving average is $34.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $953.30 million for the quarter, compared to analysts’ expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. Equities analysts anticipate that James Hardie Industries plc will post 1.39 EPS for the current year.

James Hardie Industries Company 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.