Tabor Asset Management LP Purchases Shares of 206,091 James Hardie Industries PLC. $JHX

Tabor Asset Management LP acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 206,091 shares of the construction company’s stock, valued at approximately $5,542,000. James Hardie Industries comprises approximately 3.8% of Tabor Asset Management LP’s holdings, making the stock its 8th largest position.

Other hedge funds have also recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of James Hardie Industries by 59,775.3% during the first quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock worth $125,478,000 after acquiring an additional 5,317,017 shares in the last quarter. Wellington Management Group LLP acquired a new position in James Hardie Industries during the 1st quarter valued at about $90,526,000. Massachusetts Financial Services Co. MA bought a new stake in James Hardie Industries during the 1st quarter worth approximately $87,858,000. Goldman Sachs Group Inc. raised its stake in shares of James Hardie Industries by 160.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after purchasing an additional 1,662,743 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of James Hardie Industries by 5,001.3% in the first quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock worth $23,510,000 after purchasing an additional 978,314 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Trading Up 0.2%

NYSE JHX opened at $17.38 on Friday. The business’s fifty day moving average is $20.31 and its 200-day moving average is $23.65. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.76 and a quick ratio of 3.31. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 14.34 and a beta of 1.82. James Hardie Industries PLC. has a one year low of $16.64 and a one year high of $37.65.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JHX shares. Truist Financial upped their price target on James Hardie Industries from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Oppenheimer set a $28.00 price objective on shares of James Hardie Industries and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Robert W. Baird reduced their target price on shares of 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. CLSA raised shares of James Hardie Industries to a “hold” rating in a research report on Wednesday, October 8th. Finally, Baird R W upgraded shares of James Hardie Industries to a “strong-buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.91.

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.