Jane Street Group LLC decreased its holdings in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 45.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,427 shares of the construction company's stock after selling 25,273 shares during the period. Jane Street Group LLC's holdings in James Hardie Industries were worth $1,222,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in shares of James Hardie Industries in the second quarter valued at approximately $12,162,000. Natixis Advisors LLC boosted its position in shares of James Hardie Industries by 317.2% during the 3rd 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 in the last quarter. FMR LLC grew its stake in shares of James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company's stock worth $6,435,000 after purchasing an additional 29,401 shares during the period. Creative Planning increased its holdings in James Hardie Industries by 16.3% in the third quarter. Creative Planning now owns 77,168 shares of the construction company's stock valued at $3,098,000 after buying an additional 10,803 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of James Hardie Industries by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company's stock valued at $2,223,000 after acquiring an additional 534 shares during the period. 7.96% of the stock is owned by hedge funds and other institutional investors.
James Hardie Industries Price Performance
Shares of NYSE:JHX traded down $0.31 on Friday, hitting $31.44. The company had a trading volume of 204,638 shares, compared to its average volume of 76,407. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The company has a market cap of $13.51 billion, a PE ratio of 31.13, a PEG ratio of 4.27 and a beta of 1.77. James Hardie Industries plc has a 52-week low of $29.88 and a 52-week high of $43.57. The business has a 50 day moving average of $34.00 and a 200 day moving average of $34.60.
James Hardie Industries (NYSE:JHX - Get Free Report) last announced its 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. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The firm had revenue of $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. During the same quarter in the previous year, the company posted $0.41 EPS. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts anticipate that James Hardie Industries plc will post 1.47 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
JHX has been the subject of several research analyst reports. JPMorgan Chase & Co. raised James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 6th. Truist Financial started coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, StockNews.com downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $40.25.
Read Our Latest Report 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.
Further Reading
Before you consider James Hardie Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and James Hardie Industries wasn't on the list.
While James Hardie Industries currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
