James Hardie Industries plc (NYSE:JHX) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its position in James Hardie Industries plc (NYSE:JHX) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,952 shares of the construction company’s stock after acquiring an additional 4,802 shares during the period. Orion Portfolio Solutions LLC’s holdings in James Hardie Industries were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JHX. ABC Arbitrage SA purchased a new position in shares of James Hardie Industries in the fourth quarter worth about $1,457,000. Raymond James Financial Inc. acquired a new position in James Hardie Industries in the 4th quarter worth approximately $1,100,000. FMR LLC raised its position in James Hardie Industries by 22.5% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in James Hardie Industries by 67.0% during the 3rd 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. Finally, Quantinno Capital Management LP lifted its stake in James Hardie Industries by 49.0% during the 3rd quarter. Quantinno Capital Management LP now owns 58,576 shares of the construction company’s stock valued at $2,352,000 after acquiring an additional 19,268 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $21.23 on Friday. The company has a market capitalization of $9.12 billion, a P/E ratio of 21.02, a P/E/G ratio of 6.16 and a beta of 1.80. James Hardie Industries plc has a 12-month low of $20.14 and a 12-month high of $43.57. The business’s 50 day moving average is $30.48 and its two-hundred day moving average is $33.13. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JHX. Macquarie cut shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a report on Monday, March 24th. Raymond James set a $55.00 price objective on James Hardie Industries in a report on Monday, March 24th. StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Bank of America raised James Hardie Industries from an “underperform” rating to a “buy” rating and decreased their price target for the company from $27.40 to $27.35 in a report on Thursday, March 27th. Finally, Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, James Hardie Industries has an average rating of “Moderate Buy” and an average target price of $42.45.

James Hardie Industries 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.