Roubaix Capital LLC Takes $5.60 Million Position in James Hardie Industries PLC. $JHX

Roubaix Capital LLC acquired a new stake in shares of James Hardie Industries PLC. (NYSE:JHX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 291,314 shares of the construction company’s stock, valued at approximately $5,596,000. James Hardie Industries makes up about 2.6% of Roubaix Capital LLC’s investment portfolio, making the stock its 14th largest position.

A number of other large investors also recently bought and sold shares of JHX. Hantz Financial Services Inc. lifted its holdings in James Hardie Industries by 641.2% during the second quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock worth $33,000 after buying an additional 1,058 shares during the period. MAI Capital Management grew its holdings in James Hardie Industries by 4,266.7% in the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after purchasing an additional 1,280 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of James Hardie Industries by 11,238.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,461 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in James Hardie Industries in the second quarter valued at $52,000. Finally, Osaic Holdings Inc. grew its position in James Hardie Industries by 67.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,034 shares during the period. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 1.7%

Shares of NYSE JHX opened at $23.93 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.73. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $32.91. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 88.61, a price-to-earnings-growth ratio of 5.43 and a beta of 1.78. The company’s 50-day simple moving average is $23.35 and its 200-day simple moving average is $21.27.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. During the same quarter last year, the firm earned $0.36 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. Equities analysts predict that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup raised James Hardie Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, November 4th. Robert W. Baird dropped their price objective on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Raymond James Financial set a $21.00 target price on shares of James Hardie Industries in a report on Monday, December 8th. Zacks Research downgraded shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

James Hardie Industries Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.