Northwestern Mutual Wealth Management Co. Has $1.75 Million Stake in James Hardie Industries PLC. $JHX

Northwestern Mutual Wealth Management Co. increased its position in James Hardie Industries PLC. (NYSE:JHX) by 1,366.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 84,294 shares of the construction company’s stock after purchasing an additional 78,546 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in James Hardie Industries were worth $1,749,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of James Hardie Industries during the 4th quarter valued at $47,000. Farther Finance Advisors LLC acquired a new stake in shares of James Hardie Industries in the 4th quarter valued at $48,000. MAI Capital Management grew its stake in James Hardie Industries by 153.9% in the 3rd quarter. MAI Capital Management now owns 3,326 shares of the construction company’s stock valued at $64,000 after buying an additional 2,016 shares during the last quarter. Osaic Holdings Inc. raised its holdings in James Hardie Industries by 67.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after acquiring an additional 1,034 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in James Hardie Industries by 7.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after acquiring an additional 525 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Trading Up 6.0%

JHX opened at $22.78 on Thursday. The firm’s fifty day moving average is $20.30 and its two-hundred day moving average is $21.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58. The firm has a market cap of $9.79 billion, a PE ratio of 103.55, a price-to-earnings-growth ratio of 11.66 and a beta of 1.79. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $29.83.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The business’s revenue for the quarter was up 44.5% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Equities research analysts anticipate that James Hardie Industries PLC. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JHX shares. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Zacks Research cut shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Barclays cut their target price on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Finally, Truist Financial lifted their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.00.

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.