Mutual Advisors LLC Acquires Shares of 14,198 James Hardie Industries plc (NYSE:JHX)

Mutual Advisors LLC acquired a new stake in shares of James Hardie Industries plc (NYSE:JHX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,198 shares of the construction company’s stock, valued at approximately $549,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JHX. Whittier Trust Co. bought a new stake in shares of James Hardie Industries during the 4th quarter valued at about $506,000. Creative Planning grew its stake in shares of James Hardie Industries by 9.9% during the 3rd quarter. Creative Planning now owns 51,063 shares of the construction company’s stock valued at $1,340,000 after purchasing an additional 4,613 shares during the period. Morgan Stanley grew its stake in shares of James Hardie Industries by 0.8% during the 3rd quarter. Morgan Stanley now owns 2,195,874 shares of the construction company’s stock valued at $57,620,000 after purchasing an additional 17,110 shares during the period. Legal & General Group Plc grew its stake in shares of James Hardie Industries by 147.7% during the 3rd quarter. Legal & General Group Plc now owns 5,841 shares of the construction company’s stock valued at $153,000 after purchasing an additional 3,483 shares during the period. Finally, Natixis Advisors L.P. grew its stake in shares of James Hardie Industries by 75.6% during the 3rd quarter. Natixis Advisors L.P. now owns 20,855 shares of the construction company’s stock valued at $547,000 after purchasing an additional 8,980 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

JHX has been the subject of a number of recent research reports. StockNews.com downgraded James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective for the company. in a research note on Tuesday, January 23rd.

James Hardie Industries Trading Up 0.9 %

Shares of NYSE:JHX opened at $39.84 on Thursday. The stock has a 50 day moving average of $38.72 and a 200 day moving average of $33.51. The company has a market cap of $17.36 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.69. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. James Hardie Industries plc has a 12-month low of $21.01 and a 12-month high of $41.98.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. James Hardie Industries had a return on equity of 38.75% and a net margin of 13.93%. The business had revenue of $978.30 million during the quarter, compared to the consensus estimate of $960.23 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities research analysts expect that James Hardie Industries plc will post 1.6 EPS for the current year.

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.