Corient Private Wealth LLC Sells 917 Shares of James Hardie Industries plc (NYSE:JHX)

Corient Private Wealth LLC lowered its position in James Hardie Industries plc (NYSE:JHX) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,393 shares of the construction company’s stock after selling 917 shares during the period. Corient Private Wealth LLC’s holdings in James Hardie Industries were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. M&T Bank Corp acquired a new stake in shares of James Hardie Industries during the 3rd quarter valued at about $293,000. Cerity Partners LLC lifted its stake in James Hardie Industries by 58.8% during the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 13,981 shares during the period. FMR LLC boosted its holdings in James Hardie Industries by 22.5% during the third quarter. FMR LLC now owns 160,273 shares of the construction company’s stock valued at $6,435,000 after purchasing an additional 29,401 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of James Hardie Industries by 262.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company’s stock valued at $101,000 after purchasing an additional 2,380 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of James Hardie Industries by 67.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock worth $2,051,000 after buying an additional 20,496 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley raised James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 24th. Macquarie downgraded shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating and lowered their target price for the stock from $27.40 to $27.35 in a report on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, 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 objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.45.

James Hardie Industries Stock Performance

Shares of NYSE:JHX opened at $24.24 on Friday. The business has a fifty day moving average of $31.61 and a 200-day moving average of $33.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18. James Hardie Industries plc has a twelve month low of $23.23 and a twelve month high of $43.57. The firm has a market cap of $10.42 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The firm had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. On average, equities research analysts predict that James Hardie Industries plc will post 1.39 EPS for the current fiscal 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.