Wolf Hill Capital Management LP Sells 1,500,000 Shares of James Hardie Industries PLC. $JHX

Wolf Hill Capital Management LP cut its position in shares of James Hardie Industries PLC. (NYSE:JHX) by 98.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,662 shares of the construction company’s stock after selling 1,500,000 shares during the period. James Hardie Industries makes up about 0.0% of Wolf Hill Capital Management LP’s portfolio, making the stock its 22nd biggest holding. Wolf Hill Capital Management LP’s holdings in James Hardie Industries were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in James Hardie Industries by 259.7% during the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after buying an additional 36,567,726 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in James Hardie Industries by 22.2% during the fourth quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock valued at $201,071,000 after buying an additional 1,758,111 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in James Hardie Industries by 14.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,166,115 shares of the construction company’s stock valued at $107,197,000 after buying an additional 634,354 shares during the last quarter. Hill City Capital LP boosted its stake in James Hardie Industries by 21.4% during the fourth quarter. Hill City Capital LP now owns 5,120,200 shares of the construction company’s stock valued at $106,244,000 after buying an additional 901,700 shares during the last quarter. Finally, Capital World Investors bought a new position in James Hardie Industries during the third quarter valued at approximately $86,121,000. 7.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on JHX shares. Zacks Research lowered James Hardie Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Barclays dropped their price target on 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. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.00.

James Hardie Industries Price Performance

NYSE:JHX opened at $24.15 on Monday. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 109.79, a PEG ratio of 13.10 and a beta of 1.80. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83. The business has a 50 day simple moving average of $21.25 and a 200-day simple moving average of $21.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03.

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

About James Hardie Industries

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.