Tudor Investment Corp ET AL Has $6.74 Million Stock Position in James Hardie Industries PLC. $JHX

Tudor Investment Corp ET AL increased its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 2,088.7% in the third quarter, Holdings Channel reports. The firm owned 350,760 shares of the construction company’s stock after buying an additional 334,734 shares during the quarter. Tudor Investment Corp ET AL’s holdings in James Hardie Industries were worth $6,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MAI Capital Management grew its position in shares of James Hardie Industries by 4,266.7% during the 2nd 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. grew its holdings in James Hardie Industries by 11,238.5% during 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 period. AlphaCore Capital LLC bought a new stake in James Hardie Industries in the second quarter valued at approximately $52,000. Osaic Holdings Inc. increased its stake in James Hardie Industries by 67.1% in the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after purchasing an additional 1,034 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of James Hardie Industries by 72.9% in the 3rd quarter. CWM LLC now owns 3,516 shares of the construction company’s stock valued at $68,000 after buying an additional 1,483 shares during the period. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 0.7%

JHX stock opened at $19.38 on Wednesday. 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 stock has a market capitalization of $8.33 billion, a P/E ratio of 71.76, a P/E/G ratio of 4.35 and a beta of 1.78. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $29.83. The business has a 50-day moving average of $23.08 and a 200-day moving average of $21.15.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) 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%.The business’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. On average, sell-side analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on JHX shares. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 11th. Zacks Research cut James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Truist Financial raised their price target 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. Raymond James Financial set a $21.00 price objective on James Hardie Industries in a report on Monday, December 8th. Finally, Barclays boosted their price objective on James Hardie Industries from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, James Hardie Industries has an average rating of “Moderate Buy” and an average target price of $26.71.

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.