Rhumbline Advisers Boosts Holdings in James Hardie Industries plc (NYSE:JHX)

Rhumbline Advisers boosted its stake in James Hardie Industries plc (NYSE:JHX) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,695 shares of the construction company’s stock after buying an additional 482 shares during the quarter. Rhumbline Advisers’ holdings in James Hardie Industries were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of James Hardie Industries by 317.2% during the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after purchasing an additional 131,120 shares in the last quarter. FMR LLC increased its position in James Hardie Industries by 22.5% during the third quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after buying an additional 29,401 shares during the period. Quantinno Capital Management LP increased its position in James Hardie Industries by 49.0% during the third quarter. Quantinno Capital Management LP now owns 58,576 shares of the construction company’s stock worth $2,352,000 after buying an additional 19,268 shares during the period. Crossmark Global Holdings Inc. lifted its stake in James Hardie Industries by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock valued at $1,615,000 after buying an additional 420 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of James Hardie Industries by 67.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after acquiring an additional 20,496 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $32.12 on Monday. The stock has a fifty day moving average price of $32.43 and a 200 day moving average price of $34.37. James Hardie Industries plc has a 1-year low of $29.88 and a 1-year high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The company has a market cap of $13.80 billion, a PE ratio of 31.80, a P/E/G ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. Sell-side analysts forecast that James Hardie Industries plc will post 1.39 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial initiated coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, StockNews.com lowered James Hardie Industries from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.00.

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.