OLD Mission Capital LLC Makes New Investment in James Hardie Industries plc (NYSE:JHX)

OLD Mission Capital LLC purchased a new position in James Hardie Industries plc (NYSE:JHX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,264 shares of the construction company's stock, valued at approximately $1,025,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in James Hardie Industries during the fourth quarter worth approximately $25,000. R Squared Ltd acquired a new position in James Hardie Industries in the fourth quarter worth about $27,000. TD Private Client Wealth LLC grew its position in shares of James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after acquiring an additional 303 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in James Hardie Industries during the third quarter valued at $71,000. Finally, Smartleaf Asset Management LLC grew its position in shares of James Hardie Industries by 262.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock valued at $101,000 after buying an additional 2,380 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Stock Up 14.0 %

Shares of NYSE JHX traded up $2.83 during mid-day trading on Wednesday, reaching $23.10. The company had a trading volume of 8,904,121 shares, compared to its average volume of 374,336. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 6.16 and a beta of 1.80. The stock has a fifty day moving average of $29.24 and a two-hundred day moving average of $32.56. James Hardie Industries plc has a 12-month low of $19.72 and a 12-month high of $43.57.

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

Analyst Ratings Changes

JHX has been the subject of several recent research reports. Raymond James set a $55.00 price target on shares of James Hardie Industries in a research report on Monday, March 24th. Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. Truist Financial set a $45.00 price target on James Hardie Industries in a research report on Monday, March 24th. Macquarie lowered James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. Finally, Bank of America raised James Hardie Industries from an "underperform" rating to a "buy" rating and decreased their target price for the company from $27.40 to $27.35 in a research note on Thursday, March 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, James Hardie Industries currently has an average rating of "Moderate Buy" and an average price target of $42.45.

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.