9,078 Shares in James Hardie Industries plc (NYSE:JHX) Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of James Hardie Industries plc (NYSE:JHX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,078 shares of the construction company's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also modified their holdings of JHX. Versant Capital Management Inc bought a new stake in shares of James Hardie Industries during the fourth quarter worth approximately $25,000. R Squared Ltd acquired a new stake in James Hardie Industries during the 4th quarter worth approximately $27,000. Huntington National Bank bought a new stake in James Hardie Industries in the 3rd quarter valued at $55,000. Pinpoint Asset Management Ltd acquired a new position in James Hardie Industries in the 3rd quarter valued at $64,000. Finally, Wilmington Savings Fund Society FSB bought a new position in James Hardie Industries during the 3rd quarter worth $71,000. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Price Performance

JHX stock traded up $1.10 during mid-day trading on Friday, hitting $32.01. The stock had a trading volume of 72,772 shares, compared to its average volume of 82,772. The firm has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $34.30. James Hardie Industries plc has a 52 week low of $29.88 and a 52 week high of $43.57. 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 market capitalization 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.

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James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $953.30 million during the quarter, compared to the consensus estimate 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, research analysts forecast that James Hardie Industries plc will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Truist Financial assumed coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a "buy" rating and a $45.00 price target for the company. Finally, Jefferies Financial Group reissued a "buy" rating on shares of James Hardie Industries in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

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.