James Hardie Industries PLC. $JHX is Hill City Capital LP’s 7th Largest Position

Hill City Capital LP lifted its holdings in James Hardie Industries PLC. (NYSE:JHX) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,723,900 shares of the construction company’s stock after acquiring an additional 102,200 shares during the quarter. James Hardie Industries comprises about 3.8% of Hill City Capital LP’s investment portfolio, making the stock its 7th largest position. Hill City Capital LP’s holdings in James Hardie Industries were worth $149,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JHX. Blue Trust Inc. grew its holdings in shares of James Hardie Industries by 14.7% during the first quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after buying an additional 884 shares in the last quarter. Xponance LLC lifted its stake in James Hardie Industries by 5.7% in the 4th quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock worth $350,000 after acquiring an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in James Hardie Industries by 16.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock worth $139,000 after acquiring an additional 936 shares during the period. Osaic Holdings Inc. boosted 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 acquiring an additional 1,034 shares during the period. Finally, Parallel Advisors LLC grew its stake in James Hardie Industries by 46.5% during the 1st quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock valued at $86,000 after acquiring an additional 1,439 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $35.00 in a research note on Monday, August 10th. Truist Financial upped their price target on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Raymond James Financial set a $35.00 price objective on James Hardie Industries in a research report on Monday, August 10th. Finally, Oppenheimer boosted their target price on James Hardie Industries from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

James Hardie Industries Stock Down 0.2%

James Hardie Industries stock opened at $30.38 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. James Hardie Industries PLC. has a 1-year low of $16.46 and a 1-year high of $31.35. The firm’s fifty day simple moving average is $26.85 and its 200-day simple moving average is $23.51. The company has a market capitalization of $17.63 billion, a P/E ratio of 121.52, a P/E/G ratio of 1.91 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. James Hardie Industries’s revenue for the quarter was up 63.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. Sell-side analysts forecast that James Hardie Industries PLC. will post 1.43 earnings per share for the current fiscal year.

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.