Rhumbline Advisers Raises Holdings in James Hardie Industries plc (NYSE:JHX)

Rhumbline Advisers boosted its stake in James Hardie Industries plc (NYSE:JHX) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,695 shares of the construction company’s stock after purchasing an additional 482 shares during the period. Rhumbline Advisers’ holdings in James Hardie Industries were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Franklin Resources Inc. lifted its stake in James Hardie Industries by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after acquiring an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in James Hardie Industries by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after purchasing an additional 420 shares during the period. Versant Capital Management Inc acquired a new stake in shares of James Hardie Industries during the fourth quarter worth about $25,000. R Squared Ltd purchased a new position in shares of James Hardie Industries in the fourth quarter valued at approximately $27,000. Finally, Blue Trust Inc. grew its holdings in shares of James Hardie Industries by 33.3% in the fourth quarter. Blue Trust Inc. now owns 4,323 shares of the construction company’s stock valued at $133,000 after purchasing an additional 1,081 shares in the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Trading Up 0.5 %

Shares of NYSE:JHX opened at $32.12 on Monday. James Hardie Industries plc has a 52 week low of $29.88 and a 52 week high of $43.57. The company’s 50 day moving average is $32.43 and its two-hundred day moving average is $34.37. The company has a market cap of $13.80 billion, a PE ratio of 31.80, a P/E/G ratio of 6.16 and a beta of 1.84. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

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

Analyst Ratings Changes

JHX has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Truist Financial initiated coverage on James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price for the company. Finally, StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

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.