Orion Portfolio Solutions LLC grew its stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 145.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,150 shares of the construction company's stock after acquiring an additional 17,290 shares during the period. Orion Portfolio Solutions LLC's holdings in James Hardie Industries were worth $1,170,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its holdings in 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 buying an additional 374 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of James Hardie Industries by 46.3% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company's stock valued at $55,000 after acquiring an additional 432 shares in the last quarter. Huntington National Bank acquired a new stake in shares of James Hardie Industries during the third quarter valued at $55,000. Pinpoint Asset Management Ltd acquired a new stake in shares of James Hardie Industries during the third quarter valued at $64,000. Finally, Cubist Systematic Strategies LLC acquired a new position in James Hardie Industries in the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 7.96% of the company's stock.
James Hardie Industries Stock Down 0.8 %
Shares of NYSE:JHX traded down $0.26 during midday trading on Friday, hitting $33.94. 68,088 shares of the company's stock traded hands, compared to its average volume of 74,346. The firm's fifty day moving average price is $34.87 and its two-hundred day moving average price is $34.55. The company has a market cap of $14.58 billion, a PE ratio of 33.60, a P/E/G ratio of 4.35 and a beta of 1.77. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month 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.
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, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $960.80 million for the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The company's revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. On average, equities research analysts anticipate that James Hardie Industries plc will post 1.47 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on JHX. Truist Financial started coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They set a "buy" rating and a $45.00 price target on the stock. StockNews.com cut James Hardie Industries from a "buy" rating to a "hold" rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.25.
Check Out Our Latest Research Report on JHX
James Hardie Industries Profile
(
Free Report)
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.
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