Jones Financial Companies Lllp Has $153,000 Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Jones Financial Companies Lllp lifted its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,965 shares of the construction company’s stock after buying an additional 662 shares during the period. Jones Financial Companies Lllp’s holdings in James Hardie Industries were worth $153,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. M&T Bank Corp acquired a new position in shares of James Hardie Industries during the 3rd quarter worth about $293,000. Cerity Partners LLC boosted its stake in shares of James Hardie Industries by 58.8% during the 3rd quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after buying an additional 13,981 shares during the last quarter. FMR LLC boosted its stake in shares of James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after buying an additional 29,401 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of James Hardie Industries by 317.2% during the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after buying an additional 131,120 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in James Hardie Industries by 145.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 29,150 shares of the construction company’s stock valued at $1,170,000 after purchasing an additional 17,290 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JHX has been the subject of several recent analyst reports. Truist Financial initiated coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price for the company. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, James Hardie Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

James Hardie Industries Stock Up 3.5 %

James Hardie Industries stock opened at $32.01 on Friday. The stock has a market cap of $13.76 billion, a P/E ratio of 31.69, a P/E/G ratio of 6.16 and a beta of 1.84. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57. The company’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $34.25.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm 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%. As a group, analysts expect 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.