Teachers Retirement System of The State of Kentucky Acquires Shares of 72,384 James Hardie Industries PLC. $JHX

Teachers Retirement System of The State of Kentucky acquired a new stake in James Hardie Industries PLC. (NYSE:JHX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,384 shares of the construction company’s stock, valued at approximately $1,390,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in James Hardie Industries by 641.2% in the 2nd 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 during the last quarter. MAI Capital Management boosted its holdings in shares of James Hardie Industries by 4,266.7% during the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after acquiring an additional 1,280 shares during the period. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 1,461 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of James Hardie Industries during the second quarter worth approximately $52,000. Finally, Osaic Holdings Inc. lifted its holdings in James Hardie Industries by 67.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,034 shares during the last quarter. Institutional investors own 7.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on JHX shares. Truist Financial increased their price objective on James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Oppenheimer upped their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. Zacks Research cut shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Robert W. Baird cut their price objective on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Barclays raised their target price on shares of James Hardie Industries from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.71.

James Hardie Industries Stock Performance

Shares of NYSE:JHX opened at $22.10 on Friday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $32.69. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 81.85, a price-to-earnings-growth ratio of 5.01 and a beta of 1.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.54 and a quick ratio of 0.95. The company’s 50 day simple moving average is $23.44 and its 200 day simple moving average is $21.24.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a return on equity of 13.52% and a net margin of 2.70%.During the same period in the prior year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, research analysts predict that James Hardie Industries PLC. will post 1.39 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.