James Hardie Industries plc (NYSE:JHX) Holdings Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,393 shares of the construction company’s stock after selling 917 shares during the period. Corient Private Wealth LLC’s holdings in James Hardie Industries were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of JHX. ABC Arbitrage SA acquired a new stake in shares of James Hardie Industries during the 4th quarter valued at $1,457,000. Raymond James Financial Inc. purchased a new stake in shares of James Hardie Industries during the fourth quarter worth $1,100,000. FMR LLC boosted its position in James Hardie Industries by 22.5% during the third quarter. FMR LLC now owns 160,273 shares of the construction company’s stock valued at $6,435,000 after purchasing an additional 29,401 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in James Hardie Industries by 67.0% in the third 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. Finally, Quantinno Capital Management LP increased its position in James Hardie Industries by 49.0% in the 3rd quarter. Quantinno Capital Management LP now owns 58,576 shares of the construction company’s stock worth $2,352,000 after purchasing an additional 19,268 shares during the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley raised James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 24th. 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. Bank of America upgraded shares of James Hardie Industries from an “underperform” rating to a “buy” rating and dropped their price target for the stock from $27.40 to $27.35 in a research note on Thursday. Macquarie lowered shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, James Hardie Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.45.

James Hardie Industries Price Performance

Shares of James Hardie Industries stock opened at $24.24 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $31.61 and a 200-day simple moving average of $33.59. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 6.16 and a beta of 1.84. James Hardie Industries plc has a 1-year low of $23.23 and a 1-year high of $43.57.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. On average, sell-side analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current 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.