Sanctuary Advisors LLC Takes Position in James Hardie Industries plc (NYSE:JHX)

Sanctuary Advisors LLC purchased a new position in shares of James Hardie Industries plc (NYSE:JHX - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,641 shares of the construction company's stock, valued at approximately $708,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in shares of James Hardie Industries by 2.6% in the third quarter. Sequoia Financial Advisors LLC now owns 12,494 shares of the construction company's stock valued at $502,000 after buying an additional 318 shares in the last quarter. Bank of New York Mellon Corp raised its position in James Hardie Industries by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 32,630 shares of the construction company's stock worth $1,029,000 after acquiring an additional 375 shares during the period. GAMMA Investing LLC raised its position in James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company's stock worth $55,000 after acquiring an additional 432 shares during the period. Dimensional Fund Advisors LP lifted its holdings in James Hardie Industries by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company's stock valued at $2,223,000 after purchasing an additional 534 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of James Hardie Industries by 9.1% during the second quarter. Evergreen Capital Management LLC now owns 6,682 shares of the construction company's stock worth $211,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Price Performance

JHX stock traded up $0.30 during mid-day trading on Tuesday, reaching $31.87. The company's stock had a trading volume of 35,206 shares, compared to its average volume of 75,826. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $34.28 and its two-hundred day moving average is $34.61. James Hardie Industries plc has a fifty-two week low of $29.88 and a fifty-two week high of $43.57. The stock has a market cap of $13.70 billion, a PE ratio of 31.55, a P/E/G ratio of 4.35 and a beta of 1.77.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly 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 firm had revenue of $960.80 million during the quarter, compared to analysts' expectations of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The business's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts expect that James Hardie Industries plc will post 1.47 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JHX. JPMorgan Chase & Co. raised shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 6th. Truist Financial initiated coverage on James Hardie Industries in a research report on Tuesday, December 10th. They issued a "buy" rating and a $45.00 target price on the stock. Finally, StockNews.com upgraded James Hardie Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, James Hardie Industries currently has an average rating of "Moderate Buy" and an average target price of $40.25.

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.