Avantax Advisory Services Inc. Buys 522 Shares of James Hardie Industries plc (NYSE:JHX)

Avantax Advisory Services Inc. lifted its stake in shares of James Hardie Industries plc (NYSE:JHX) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,838 shares of the construction company’s stock after acquiring an additional 522 shares during the quarter. Avantax Advisory Services Inc.’s holdings in James Hardie Industries were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp bought a new stake in James Hardie Industries during the 3rd quarter valued at $293,000. Cerity Partners LLC raised its holdings in shares of James Hardie Industries by 58.8% in the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock valued at $1,517,000 after acquiring an additional 13,981 shares in the last quarter. FMR LLC lifted its stake in James Hardie Industries by 22.5% in the third quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after acquiring an additional 29,401 shares during the period. Smartleaf Asset Management LLC increased its position in James Hardie Industries by 262.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company’s stock valued at $101,000 after purchasing an additional 2,380 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of James Hardie Industries by 67.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after purchasing an additional 20,496 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JHX shares. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Truist Financial initiated coverage on James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective for the company. Raymond James set a $55.00 target price on James Hardie Industries in a research note on Monday. Finally, Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

James Hardie Industries Stock Up 0.0 %

James Hardie Industries stock opened at $23.80 on Thursday. James Hardie Industries plc has a 1-year low of $23.23 and a 1-year high of $43.57. The business has a fifty day moving average price of $32.00 and a 200-day moving average price of $33.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping 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 business had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. Equities research analysts forecast that James Hardie Industries plc will post 1.39 EPS for the current fiscal year.

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.