Charles Schwab Investment Management Inc. Has $1.46 Million Stock Position in James Hardie Industries plc (NYSE:JHX)

Charles Schwab Investment Management Inc. lessened its position in shares of James Hardie Industries plc (NYSE:JHX) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,493 shares of the construction company’s stock after selling 3,581 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in James Hardie Industries were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Schechter Investment Advisors LLC boosted its position in shares of James Hardie Industries by 7.6% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,017 shares of the construction company’s stock valued at $216,000 after acquiring an additional 494 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in James Hardie Industries by 15.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,965 shares of the construction company’s stock valued at $153,000 after purchasing an additional 662 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of James Hardie Industries by 262.7% in 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. Bank of New York Mellon Corp raised its holdings in shares of James Hardie Industries by 27.9% in the 4th quarter. Bank of New York Mellon Corp now owns 52,106 shares of the construction company’s stock worth $1,605,000 after buying an additional 11,353 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of James Hardie Industries by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock worth $616,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Ratings Changes

JHX has been the subject of several recent analyst reports. Morgan Stanley upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 24th. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target on the stock. Raymond James set a $55.00 price objective on shares of James Hardie Industries in a research note on Monday, March 24th. Finally, Bank of America upgraded shares of James Hardie Industries from an “underperform” rating to a “buy” rating and cut their target price for the company from $27.40 to $27.35 in a research note on Thursday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, James Hardie Industries presently has a consensus rating of “Moderate Buy” and an average target price of $42.45.

James Hardie Industries Stock Down 1.6 %

Shares of NYSE JHX opened at $24.24 on Friday. James Hardie Industries plc has a 12-month low of $23.23 and a 12-month high of $43.57. The firm’s 50-day simple moving average is $31.61 and its 200 day simple moving average is $33.59. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) 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 analyst estimates of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, research analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal 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.