Tudor Investment Corp ET AL Has $6.74 Million Stake in James Hardie Industries PLC. $JHX

Tudor Investment Corp ET AL raised its stake in James Hardie Industries PLC. (NYSE:JHX) by 2,088.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,760 shares of the construction company’s stock after acquiring an additional 334,734 shares during the period. Tudor Investment Corp ET AL owned about 0.08% of James Hardie Industries worth $6,738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MAI Capital Management boosted its stake in shares of James Hardie Industries by 4,266.7% in the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock valued at $35,000 after purchasing an additional 1,280 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of James Hardie Industries by 11,238.5% during the 2nd 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 in the last quarter. AlphaCore Capital LLC bought a new position in James Hardie Industries during the 2nd quarter valued at about $52,000. Osaic Holdings Inc. lifted its holdings 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 valued at $67,000 after purchasing an additional 1,034 shares during the last quarter. Finally, CWM LLC boosted its position in James Hardie Industries by 72.9% in the third quarter. CWM LLC now owns 3,516 shares of the construction company’s stock valued at $68,000 after buying an additional 1,483 shares in the last quarter. 7.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JHX shares. Zacks Research lowered shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Truist Financial lifted their price objective on James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 11th. Raymond James Financial set a $21.00 target price on James Hardie Industries in a research note on Monday, December 8th. Finally, Barclays boosted their target price on shares of James Hardie Industries from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

James Hardie Industries Stock Performance

Shares of NYSE:JHX opened at $19.38 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. James Hardie Industries PLC. has a 1-year low of $16.46 and a 1-year high of $29.83. The stock has a market capitalization of $8.33 billion, a P/E ratio of 71.76, a P/E/G ratio of 4.35 and a beta of 1.78. The business has a 50-day moving average price of $23.08 and a two-hundred day moving average price of $21.15.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. Equities analysts predict that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

James Hardie Industries Company 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.