Point72 Asset Management L.P. Invests $12.16 Million in James Hardie Industries plc (NYSE:JHX)

Point72 Asset Management L.P. acquired a new stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 385,600 shares of the construction company's stock, valued at approximately $12,162,000. Point72 Asset Management L.P. owned 0.09% of James Hardie Industries at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of James Hardie Industries by 1.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,002,215 shares of the construction company's stock valued at $38,756,000 after purchasing an additional 11,235 shares during the last quarter. Jennison Associates LLC grew its stake in James Hardie Industries by 186.0% in the first quarter. Jennison Associates LLC now owns 335,239 shares of the construction company's stock valued at $13,564,000 after purchasing an additional 218,033 shares during the last quarter. Acadian Asset Management LLC boosted its stake in James Hardie Industries by 39.7% in the first quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company's stock valued at $12,697,000 after acquiring an additional 89,165 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 worth $2,223,000 after buying an additional 534 shares during the last quarter. Finally, Boston Common Asset Management LLC purchased a new position in shares of James Hardie Industries in the 2nd quarter valued at approximately $1,671,000. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Trading Down 3.8 %

JHX stock traded down $1.52 during midday trading on Tuesday, hitting $38.63. 35,571 shares of the company's stock were exchanged, compared to its average volume of 72,946. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $16.76 billion, a PE ratio of 34.48, a P/E/G ratio of 4.32 and a beta of 1.74. The business has a 50-day simple moving average of $35.72 and a two-hundred day simple moving average of $35.11. James Hardie Industries plc has a 1-year low of $24.28 and a 1-year high of $43.57.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $991.90 million for the quarter, compared to analyst estimates of $1.01 billion. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The company's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, sell-side analysts predict that James Hardie Industries plc will post 1.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a report on Tuesday, September 10th.

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.