Charles Schwab Investment Management Inc. raised its stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 67.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,074 shares of the construction company's stock after purchasing an additional 20,496 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in James Hardie Industries were worth $2,051,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. West Family Investments Inc. purchased a new position in shares of James Hardie Industries in the third quarter worth about $237,000. Pathstone Holdings LLC increased its holdings in James Hardie Industries by 5.2% in the 3rd quarter. Pathstone Holdings LLC now owns 41,798 shares of the construction company's stock worth $1,678,000 after buying an additional 2,060 shares during the period. Drive Wealth Management LLC purchased a new position in James Hardie Industries during the 3rd quarter worth approximately $220,000. Natixis Advisors LLC raised its holdings in shares of James Hardie Industries by 317.2% during the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company's stock worth $6,924,000 after purchasing an additional 131,120 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its holdings in James Hardie Industries by 1,904.6% in the third quarter. Zions Bancorporation N.A. now owns 9,943 shares of the construction company's stock valued at $399,000 after purchasing an additional 9,447 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.
James Hardie Industries Price Performance
Shares of James Hardie Industries stock traded down $0.37 during trading hours on Monday, reaching $33.57. The stock had a trading volume of 286,787 shares, compared to its average volume of 75,224. The stock's 50 day moving average is $34.87 and its 200 day moving average is $34.55. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57. The firm has a market capitalization of $14.42 billion, a PE ratio of 33.60, a PEG ratio of 4.35 and a beta of 1.77.
James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. James Hardie Industries's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Equities analysts expect that James Hardie Industries plc will post 1.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on JHX shares. Truist Financial began coverage on James Hardie Industries in a research report on Tuesday, December 10th. They set a "buy" rating and a $45.00 price target on the stock. JPMorgan Chase & Co. raised James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $40.25.
Get Our Latest Analysis on JHX
James Hardie Industries Profile
(
Free Report)
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.
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