Jump Financial LLC Invests $35.18 Million in James Hardie Industries PLC. $JHX

Jump Financial LLC bought a new position in shares of James Hardie Industries PLC. (NYSE:JHX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,308,200 shares of the construction company’s stock, valued at approximately $35,177,000.

Several other hedge funds have also modified their holdings of the stock. TD Private Client Wealth LLC boosted its position in shares of 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 valued at $30,000 after purchasing an additional 455 shares during the period. Hantz Financial Services Inc. lifted its stake in James Hardie Industries by 641.2% during the second quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock valued at $33,000 after buying an additional 1,058 shares in the last quarter. MAI Capital Management boosted its holdings in shares of James Hardie Industries by 4,266.7% in the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after buying an additional 1,280 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $40,000 after buying an additional 1,461 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in shares of James Hardie Industries in the second quarter worth approximately $52,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Stock Up 1.1%

JHX stock opened at $19.99 on Friday. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $35.86. The company has a quick ratio of 1.23, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 7.50 and a beta of 1.80. The company has a 50 day moving average of $19.87 and a two-hundred day moving average of $22.82.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Monday, November 17th. The construction company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. James Hardie Industries had a net margin of 4.67% and a return on equity of 18.40%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company posted $0.36 EPS. James Hardie Industries’s revenue was up 34.5% on a year-over-year basis. On average, equities analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JHX shares. Citigroup upgraded shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 4th. Truist Financial lifted their price objective on shares of James Hardie Industries from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wolfe Research began coverage on James Hardie Industries in a report on Tuesday, September 30th. They issued an “outperform” rating and a $25.00 target price for the company. Zacks Research raised James Hardie Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Vertical Research upgraded James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $27.42.

James Hardie Industries 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.