GAMMA Investing LLC Takes Position in James Hardie Industries plc (NYSE:JHX)

GAMMA Investing LLC bought a new stake in James Hardie Industries plc (NYSE:JHX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 878 shares of the construction company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JHX. Jennison Associates LLC acquired a new stake in James Hardie Industries during the fourth quarter worth about $4,532,000. Acadian Asset Management LLC raised its stake in James Hardie Industries by 754.0% during the third quarter. Acadian Asset Management LLC now owns 116,574 shares of the construction company’s stock worth $3,055,000 after acquiring an additional 102,923 shares during the period. New York State Common Retirement Fund raised its stake in James Hardie Industries by 111.1% during the fourth quarter. New York State Common Retirement Fund now owns 63,558 shares of the construction company’s stock worth $2,458,000 after acquiring an additional 33,457 shares during the period. Mutual Advisors LLC acquired a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $549,000. Finally, Whittier Trust Co. acquired a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $506,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JHX. Bank of America lowered shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price target on the stock. in a research note on Tuesday, January 23rd. StockNews.com lowered shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th.

James Hardie Industries Trading Up 1.9 %

James Hardie Industries stock opened at $35.76 on Monday. The firm has a 50 day simple moving average of $38.29 and a 200-day simple moving average of $35.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.89 and a quick ratio of 1.46. The stock has a market capitalization of $15.58 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.72. James Hardie Industries plc has a 12-month low of $22.46 and a 12-month high of $41.98.

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