James Investment Research Inc. Reduces Holdings in James Hardie Industries PLC. $JHX

James Investment Research Inc. lowered its holdings in James Hardie Industries PLC. (NYSE:JHX) by 25.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,122 shares of the construction company’s stock after selling 6,480 shares during the period. James Investment Research Inc.’s holdings in James Hardie Industries were worth $514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in James Hardie Industries by 12.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company’s stock worth $89,000 after buying an additional 397 shares during the period. TD Private Client Wealth LLC lifted its holdings in James Hardie Industries by 70.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock worth $30,000 after buying an additional 455 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in James Hardie Industries by 2.9% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 19,203 shares of the construction company’s stock worth $516,000 after buying an additional 540 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in James Hardie Industries by 7.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 10,687 shares of the construction company’s stock worth $252,000 after buying an additional 719 shares during the period. Finally, Rhumbline Advisers lifted its holdings in James Hardie Industries by 10.3% in the 1st quarter. Rhumbline Advisers now owns 10,694 shares of the construction company’s stock worth $252,000 after buying an additional 999 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

NYSE JHX opened at $22.32 on Wednesday. James Hardie Industries PLC. has a one year low of $17.85 and a one year high of $37.65. The stock has a 50-day moving average of $20.37 and a 200 day moving average of $23.80. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 14.75 and a beta of 1.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.31 and a current ratio of 3.76.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.The business had revenue of $899.90 million during the quarter, compared to the consensus estimate of $982.60 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. James Hardie Industries’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that James Hardie Industries PLC. will post 1.39 EPS for the current year.

Analyst Ratings Changes

JHX has been the subject of several research analyst reports. Baird R W upgraded James Hardie Industries to a “strong-buy” rating in a report on Friday, July 11th. CLSA upgraded James Hardie Industries to a “hold” rating in a research note on Wednesday, October 8th. Jefferies Financial Group initiated coverage on James Hardie Industries in a research note on Friday, August 8th. They issued a “buy” rating and a $34.00 target price for the company. Wolfe Research initiated coverage on James Hardie Industries in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Robert W. Baird lowered their target price on James Hardie Industries from $32.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.39.

James Hardie Industries Company Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.