Fmr LLC Grows Stock Position in James Hardie Industries plc (NYSE:JHX)

FMR LLC boosted its stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 22.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,273 shares of the construction company's stock after acquiring an additional 29,401 shares during the quarter. FMR LLC's holdings in James Hardie Industries were worth $6,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in James Hardie Industries by 55.7% in the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company's stock worth $33,000 after acquiring an additional 374 shares during the last quarter. GAMMA Investing LLC grew its holdings in James Hardie Industries by 46.3% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company's stock worth $55,000 after purchasing an additional 432 shares during the last quarter. Huntington National Bank purchased a new stake in shares of James Hardie Industries during the third quarter valued at $55,000. Cubist Systematic Strategies LLC acquired a new position in James Hardie Industries during the second quarter valued at $66,000. Finally, CWM LLC grew its position in James Hardie Industries by 55.6% during the third quarter. CWM LLC now owns 2,751 shares of the construction company's stock valued at $110,000 after buying an additional 983 shares during the period. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Down 0.8 %

Shares of JHX stock traded down $0.26 on Friday, hitting $33.94. The company's stock had a trading volume of 68,088 shares, compared to its average volume of 74,327. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. James Hardie Industries plc has a fifty-two week low of $29.88 and a fifty-two week high of $43.57. The firm's fifty day moving average price is $34.95 and its 200-day moving average price is $34.48. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 4.35 and a beta of 1.77.

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 analysts' consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The company had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. During the same period last year, the company posted $0.41 earnings per share. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts anticipate that James Hardie Industries plc will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

JHX has been the subject of a number of analyst reports. StockNews.com lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. upgraded James Hardie Industries from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 6th. Finally, Truist Financial assumed coverage on James Hardie Industries in a report on Tuesday. They set a "buy" rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, James Hardie Industries currently has a consensus rating of "Hold" and an average price target of $40.25.

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.