NewEdge Advisors LLC Has $264,000 Holdings in James Hardie Industries plc (NYSE:JHX)

NewEdge Advisors LLC increased its position in James Hardie Industries plc (NYSE:JHX) by 31.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,583 shares of the construction company’s stock after purchasing an additional 2,045 shares during the period. NewEdge Advisors LLC’s holdings in James Hardie Industries were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JHX. Versant Capital Management Inc purchased a new stake in shares of James Hardie Industries in the fourth quarter valued at $25,000. R Squared Ltd acquired a new position in James Hardie Industries during the fourth quarter valued at $27,000. TD Private Client Wealth LLC lifted its stake in James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after acquiring an additional 303 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in James Hardie Industries during the 3rd quarter valued at about $71,000. Finally, Huntington National Bank increased its holdings in shares of James Hardie Industries by 64.7% in the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company’s stock valued at $70,000 after purchasing an additional 888 shares during the period. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JHX has been the topic of a number of research analyst reports. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report 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 James Hardie Industries from an “underperform” rating to a “buy” rating and reduced their price objective for the company from $27.40 to $27.35 in a research report on Thursday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, James Hardie Industries presently has an average rating of “Moderate Buy” and a consensus price target of $42.45.

James Hardie Industries Price Performance

NYSE JHX opened at $23.73 on Thursday. The firm has a market cap of $10.20 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The stock’s 50-day moving average is $26.26 and its two-hundred day moving average is $31.04. James Hardie Industries plc has a fifty-two week low of $19.72 and a fifty-two week 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.

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