James Hardie Industries plc (NYSE:JHX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,243 shares of the construction company's stock after buying an additional 17,783 shares during the quarter. Natixis Advisors LLC's holdings in James Hardie Industries were worth $5,861,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its position in shares of James Hardie Industries by 4.4% in the third quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company's stock valued at $315,000 after purchasing an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in James Hardie Industries by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company's stock worth $1,615,000 after buying an additional 420 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in James Hardie Industries by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company's stock valued at $616,000 after buying an additional 433 shares in the last quarter. Rhumbline Advisers grew 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 buying an additional 482 shares in the last quarter. Finally, Schechter Investment Advisors LLC raised its holdings in shares of James Hardie Industries by 7.6% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,017 shares of the construction company's stock worth $216,000 after acquiring an additional 494 shares during the period. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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James Hardie Industries Trading Up 0.0 %

James Hardie Industries stock traded up $0.00 during trading on Wednesday, hitting $23.80. The company had a trading volume of 6,190,080 shares, compared to its average volume of 165,382. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The company's 50 day simple moving average is $32.18 and its 200-day simple moving average is $33.82. James Hardie Industries plc has a 1-year low of $23.24 and a 1-year high of $43.57. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The firm had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. As a group, analysts expect that James Hardie Industries plc will post 1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

JHX has been the subject of several recent analyst reports. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday. Truist Financial initiated coverage on shares of 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. Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a report on Thursday, January 30th. Morgan Stanley raised James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday. Finally, Raymond James set a $55.00 price target on James Hardie Industries in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

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.