James Hardie Industries PLC. $JHX Position Lifted by Interval Partners LP

Interval Partners LP raised its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,601,363 shares of the construction company’s stock after acquiring an additional 199,421 shares during the quarter. Interval Partners LP’s holdings in James Hardie Industries were worth $33,228,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in JHX. Wellington Management Group LLP boosted its stake in James Hardie Industries by 259.7% during the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after acquiring an additional 36,567,726 shares during the last quarter. Capital World Investors bought a new position in James Hardie Industries during the 3rd quarter valued at $86,121,000. Jacobs Levy Equity Management Inc. bought a new position in James Hardie Industries during the 4th quarter valued at $77,530,000. Renaissance Technologies LLC bought a new position in James Hardie Industries during the 4th quarter valued at $53,641,000. Finally, Alyeska Investment Group L.P. boosted its stake in James Hardie Industries by 100.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock valued at $87,055,000 after acquiring an additional 2,275,762 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JHX shares. Barclays reduced their price target on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Zacks Research downgraded shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

James Hardie Industries Trading Down 4.1%

Shares of NYSE:JHX opened at $24.58 on Thursday. The company has a market cap of $14.26 billion, a PE ratio of 111.71, a P/E/G ratio of 13.92 and a beta of 1.80. The company’s 50-day moving average price is $21.63 and its 200 day moving average price is $21.73. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $29.83. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71.

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