JPMorgan Chase & Co. Has $495,000 Stock Holdings in James Hardie Industries plc (NYSE:JHX)

JPMorgan Chase & Co. increased its stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 156.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,327 shares of the construction company's stock after acquiring an additional 7,526 shares during the period. JPMorgan Chase & Co.'s holdings in James Hardie Industries were worth $495,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. M&T Bank Corp acquired a new position in shares of James Hardie Industries during the 3rd quarter worth about $293,000. Cerity Partners LLC increased its position in James Hardie Industries by 58.8% during the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company's stock worth $1,517,000 after buying an additional 13,981 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in James Hardie Industries in the third quarter valued at approximately $2,369,000. FMR LLC lifted its position in shares of James Hardie Industries by 22.5% in the third quarter. FMR LLC now owns 160,273 shares of the construction company's stock valued at $6,435,000 after buying an additional 29,401 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake 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 acquiring an additional 131,120 shares during the period. 7.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial began coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a "buy" rating and a $45.00 price target for the company. JPMorgan Chase & Co. raised shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, November 6th. StockNews.com cut shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, December 25th. Finally, Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.00.

James Hardie Industries Stock Performance

NYSE:JHX traded down $0.26 during mid-day trading on Friday, reaching $33.84. 87,754 shares of the company's stock were exchanged, compared to its average volume of 106,515. James Hardie Industries plc has a one year low of $29.88 and a one year high of $43.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. The business's fifty day simple moving average is $33.45 and its two-hundred day simple moving average is $34.68. The firm has a market capitalization of $14.54 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 4.59 and a beta of 1.80.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its earnings results on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $960.80 million for the quarter, compared to analysts' expectations of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The business's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Analysts anticipate that James Hardie Industries plc will post 1.47 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.