Cloverfields Capital Group LP Invests $1.51 Million in James Hardie Industries PLC. $JHX

Cloverfields Capital Group LP purchased a new position in shares of James Hardie Industries PLC. (NYSE:JHX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,842 shares of the construction company’s stock, valued at approximately $1,512,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JHX. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in James Hardie Industries in the 1st quarter worth about $28,000. Modus Advisors LLC acquired a new position in shares of James Hardie Industries during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC raised its holdings in shares of James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after acquiring an additional 1,461 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of James Hardie Industries in the fourth quarter valued at approximately $41,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JHX has been the subject of several research reports. Stephens initiated coverage on James Hardie Industries in a research report on Thursday, June 25th. They set an “overweight” rating and a $31.00 price target for the company. Barclays raised their price objective on James Hardie Industries from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Zacks Research raised shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, James Hardie Industries has an average rating of “Moderate Buy” and an average price target of $27.00.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $25.83 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $23.97 and a 200 day moving average price of $22.67. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $29.83. The stock has a market cap of $14.99 billion, a P/E ratio of 117.40 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations 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 was up 44.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. Sell-side analysts anticipate that James Hardie Industries PLC. will post 1.24 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.