Jones Financial Companies Lllp Acquires 397,621 Shares of James Hardie Industries PLC. $JHX

Jones Financial Companies Lllp lifted its holdings in shares of James Hardie Industries PLC. (NYSE:JHX) by 22.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,166,998 shares of the construction company’s stock after purchasing an additional 397,621 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.37% of James Hardie Industries worth $57,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB acquired a new stake in shares of James Hardie Industries in the second quarter worth about $5,459,000. Capula Management Ltd acquired a new position in shares of James Hardie Industries during the 1st quarter valued at about $6,620,000. Sei Investments Co. increased its holdings in shares of James Hardie Industries by 42.9% during the 1st quarter. Sei Investments Co. now owns 718,202 shares of the construction company’s stock valued at $13,603,000 after acquiring an additional 215,752 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of James Hardie Industries by 25.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,003,166 shares of the construction company’s stock valued at $41,566,000 after acquiring an additional 401,435 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of James Hardie Industries by 48.5% in the 1st quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock valued at $72,720,000 after acquiring an additional 1,254,400 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JHX. Raymond James Financial set a $35.00 target price on James Hardie Industries in a report on Monday, August 10th. Truist Financial boosted their price objective 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. Robert W. Baird set a $34.00 price objective on shares of James Hardie Industries in a report on Friday, August 7th. Barclays upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.50.

James Hardie Industries Stock Performance

NYSE:JHX opened at $30.20 on Tuesday. The firm’s 50-day moving average is $26.95 and its 200-day moving average is $23.56. The company has a market cap of $17.53 billion, a price-to-earnings ratio of 120.79, a PEG ratio of 1.91 and a beta of 1.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $31.35.

James Hardie Industries (NYSE:JHX) last released its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue was up 63.9% on a year-over-year basis. Equities research analysts anticipate that James Hardie Industries PLC. will post 1.43 earnings per share for the current 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.