First Eagle Investment Management LLC Has $1.26 Million Stake in James Hardie Industries PLC. $JHX

First Eagle Investment Management LLC increased its position in James Hardie Industries PLC. (NYSE:JHX) by 54.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,176 shares of the construction company’s stock after purchasing an additional 17,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in James Hardie Industries were worth $1,261,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JHX shares. Raymond James Financial set a $35.00 price objective on James Hardie Industries in a research note on Monday, August 10th. Truist Financial raised their target price on James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Oppenheimer boosted their price target 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. Robert W. Baird set a $34.00 price target on James Hardie Industries in a research report on Friday, August 7th. Finally, Barclays upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $35.00 in a research note on Monday, August 10th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, James Hardie Industries has a consensus rating of “Moderate Buy” and an average target price of $32.50.

James Hardie Industries Price Performance

NYSE:JHX opened at $30.35 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The firm has a market cap of $17.61 billion, a PE ratio of 121.40, a price-to-earnings-growth ratio of 2.61 and a beta of 1.77. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $31.35. The company’s 50-day moving average price is $27.74 and its two-hundred day moving average price is $23.88.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The company’s revenue was up 63.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities analysts anticipate that James Hardie Industries PLC. will post 1.41 EPS for the current fiscal 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.