Choreo LLC Sells 876 Shares of James Hardie Industries plc (NYSE:JHX)

Choreo LLC decreased its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,565 shares of the construction company’s stock after selling 876 shares during the period. Choreo LLC’s holdings in James Hardie Industries were worth $234,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Natixis Advisors LLC raised its stake in James Hardie Industries by 317.2% during the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after buying an additional 131,120 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in James Hardie Industries during the 3rd quarter valued at about $2,369,000. FMR LLC increased its stake in James Hardie Industries by 22.5% during the 3rd 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 in the last quarter. Crossmark Global Holdings Inc. raised its holdings in James Hardie Industries by 83.9% in the third quarter. Crossmark Global Holdings Inc. now owns 51,996 shares of the construction company’s stock worth $2,088,000 after buying an additional 23,723 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of James Hardie Industries by 67.0% during 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 buying an additional 20,496 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JHX has been the topic of several analyst reports. StockNews.com cut James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Truist Financial began coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group reaffirmed 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 four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.00.

James Hardie Industries Price Performance

Shares of NYSE:JHX opened at $32.44 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $13.94 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 4.92 and a beta of 1.81. The firm’s 50 day moving average price is $32.77 and its 200-day moving average price is $34.53. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $960.80 million for the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Equities research analysts expect that James Hardie Industries plc will post 1.4 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.