First Trust Direct Indexing L.P. Boosts Stock Holdings in James Hardie Industries plc (NYSE:JHX)

First Trust Direct Indexing L.P. boosted its stake in shares of James Hardie Industries plc (NYSE:JHX) by 29.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,716 shares of the construction company’s stock after buying an additional 5,895 shares during the period. First Trust Direct Indexing L.P.’s holdings in James Hardie Industries were worth $1,032,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in shares of James Hardie Industries in the 2nd quarter worth $12,162,000. Jennison Associates LLC lifted its holdings in shares of James Hardie Industries by 186.0% in the 1st quarter. Jennison Associates LLC now owns 335,239 shares of the construction company’s stock worth $13,564,000 after acquiring an additional 218,033 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of James Hardie Industries by 39.7% in the 1st quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock worth $12,697,000 after acquiring an additional 89,165 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of James Hardie Industries in the 3rd quarter worth about $2,369,000. Finally, Boston Common Asset Management LLC bought a new stake in shares of James Hardie Industries in the 2nd quarter worth about $1,671,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Trading Down 2.0 %

Shares of JHX opened at $31.27 on Friday. James Hardie Industries plc has a 1-year low of $26.06 and a 1-year high of $43.57. The company has a 50-day moving average of $36.43 and a 200 day moving average of $34.54. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 3.74 and a beta of 1.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.44.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%. The company had revenue of $991.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts expect that James Hardie Industries plc will post 1.46 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

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.