Russell Investments Group Ltd. Has $8.08 Million Stock Position in James Hardie Industries plc (NYSE:JHX)

Russell Investments Group Ltd. trimmed its position in James Hardie Industries plc (NYSE:JHX) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,433 shares of the construction company’s stock after selling 7,935 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of James Hardie Industries worth $8,079,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JHX. Ellevest Inc. grew its position in shares of James Hardie Industries by 119.0% during the 3rd quarter. Ellevest Inc. now owns 1,305 shares of the construction company’s stock worth $47,000 after buying an additional 709 shares during the period. Deutsche Bank AG acquired a new position in shares of James Hardie Industries in the 3rd quarter valued at approximately $61,000. JPMorgan Chase & Co. grew its position in shares of James Hardie Industries by 30.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,000 shares of the construction company’s stock valued at $68,000 after purchasing an additional 468 shares during the period. Spire Wealth Management acquired a new position in shares of James Hardie Industries in the 3rd quarter valued at approximately $104,000. Finally, IFP Advisors Inc grew its position in shares of James Hardie Industries by 50.0% in the 3rd quarter. IFP Advisors Inc now owns 3,000 shares of the construction company’s stock valued at $107,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 1.11% of the company’s stock.

Several equities research analysts have commented on the company. Morgan Stanley cut James Hardie Industries from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Zacks Investment Research upgraded James Hardie Industries from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, November 10th. Finally, CLSA cut James Hardie Industries from an “outperform” rating to an “underperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

JHX stock opened at $36.70 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $16.34 billion, a PE ratio of 37.45 and a beta of 1.27. James Hardie Industries plc has a 1-year low of $27.75 and a 1-year high of $41.85. The business’s 50 day simple moving average is $39.73 and its 200 day simple moving average is $37.92.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Monday, November 8th. The construction company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $903.20 million for the quarter. James Hardie Industries had a return on equity of 44.34% and a net margin of 13.31%. As a group, sell-side analysts predict that James Hardie Industries plc will post 1.41 EPS for the current fiscal year.

The company also recently disclosed a semi-annual dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, November 19th were issued a $0.40 dividend. This represents a yield of 0.7%. This is a positive change from James Hardie Industries’s previous semi-annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, November 18th. James Hardie Industries’s dividend payout ratio is currently 59.18%.

James Hardie Industries Company Profile

James Hardie Industries Plc engages in the manufacture of fiber cement siding and backer board. It operates through the following segments: North America Fiber Cement, Asia Pacific Fiber Cement, Europe Building Products, and Research & Development. The North America Fiber Cement segment manufactures fiber cement interior linings, exterior siding products and related accessories in the United States.

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Institutional Ownership by Quarter for James Hardie Industries (NYSE:JHX)

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