Mediolanum International Funds Ltd Invests $2.37 Million in James Hardie Industries plc (NYSE:JHX)

Mediolanum International Funds Ltd bought a new stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,601 shares of the construction company's stock, valued at approximately $2,369,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of James Hardie Industries by 55.7% during the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company's stock valued at $33,000 after acquiring an additional 374 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of James Hardie Industries by 693.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company's stock valued at $47,000 after purchasing an additional 1,012 shares during the last quarter. GAMMA Investing LLC increased its stake in James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company's stock worth $55,000 after purchasing an additional 432 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in James Hardie Industries during the 2nd quarter worth about $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in James Hardie Industries during the first quarter valued at about $71,000. 7.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

James Hardie Industries Stock Down 1.9 %

Shares of JHX stock traded down $0.65 on Friday, reaching $33.16. 39,323 shares of the company's stock traded hands, compared to its average volume of 131,309. The company has a market capitalization of $14.24 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 3.90 and a beta of 1.74. James Hardie Industries plc has a 12-month low of $24.28 and a 12-month high of $43.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.94. The business's 50 day moving average price is $36.62 and its two-hundred day moving average price is $34.66.

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