James Hardie Industries plc (NYSE:JHX) Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in James Hardie Industries plc (NYSE:JHX - Free Report) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,741 shares of the construction company's stock after acquiring an additional 17,082 shares during the period. Envestnet Asset Management Inc.'s holdings in James Hardie Industries were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JHX. Smartleaf Asset Management LLC grew its stake in shares of James Hardie Industries by 262.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock worth $101,000 after purchasing an additional 2,380 shares during the period. Raymond James Financial Inc. acquired a new stake in James Hardie Industries in the fourth quarter valued at approximately $1,100,000. Avantax Advisory Services Inc. lifted its holdings in James Hardie Industries by 8.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,838 shares of the construction company's stock valued at $211,000 after purchasing an additional 522 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of James Hardie Industries by 156.8% in the third quarter. JPMorgan Chase & Co. now owns 12,327 shares of the construction company's stock worth $495,000 after acquiring an additional 7,526 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in James Hardie Industries by 5.2% in the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company's stock valued at $299,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on JHX shares. Bank of America upgraded shares of James Hardie Industries from an "underperform" rating to a "buy" rating and decreased their price objective for the stock from $27.40 to $27.35 in a report on Thursday, March 27th. StockNews.com upgraded James Hardie Industries from a "hold" rating to a "buy" rating in a report on Friday, March 21st. Truist Financial set a $45.00 target price on shares of James Hardie Industries in a report on Monday, March 24th. Raymond James set a $55.00 target price on shares of James Hardie Industries in a research note on Monday, March 24th. Finally, Macquarie lowered shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and an average target price of $42.45.

James Hardie Industries Trading Up 0.3 %

JHX stock traded up $0.08 during midday trading on Tuesday, hitting $23.74. The stock had a trading volume of 1,212,044 shares, compared to its average volume of 508,593. James Hardie Industries plc has a 12-month low of $19.72 and a 12-month high of $43.57. The firm has a market cap of $10.20 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The company's 50-day moving average price is $26.60 and its 200 day moving average price is $31.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share 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 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%. On average, equities research analysts predict that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

About James Hardie Industries

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.