Wolf Hill Capital Management LP Sells 1,500,000 Shares of James Hardie Industries PLC. $JHX

Wolf Hill Capital Management LP trimmed its holdings in James Hardie Industries PLC. (NYSE:JHX) by 98.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,662 shares of the construction company’s stock after selling 1,500,000 shares during the quarter. James Hardie Industries makes up about 0.0% of Wolf Hill Capital Management LP’s portfolio, making the stock its 22nd biggest position. Wolf Hill Capital Management LP’s holdings in James Hardie Industries were worth $429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of James Hardie Industries by 259.7% in the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after buying an additional 36,567,726 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of James Hardie Industries by 22.2% in the fourth quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock worth $201,071,000 after buying an additional 1,758,111 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of James Hardie Industries by 14.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,166,115 shares of the construction company’s stock worth $107,197,000 after buying an additional 634,354 shares during the period. Hill City Capital LP raised its holdings in shares of James Hardie Industries by 21.4% in the fourth quarter. Hill City Capital LP now owns 5,120,200 shares of the construction company’s stock worth $106,244,000 after buying an additional 901,700 shares during the period. Finally, Capital World Investors purchased a new stake in shares of James Hardie Industries in the third quarter worth approximately $86,121,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JHX. Zacks Research downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Barclays reduced their price target on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.00.

James Hardie Industries Trading Up 0.1%

JHX opened at $24.15 on Monday. The stock’s fifty day moving average is $21.25 and its two-hundred day moving average is $21.61. The company has a market capitalization of $14.02 billion, a P/E ratio of 109.79, a PEG ratio of 13.10 and a beta of 1.80. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $29.83. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.James Hardie Industries’s quarterly revenue was up 44.5% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Analysts forecast that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

James Hardie Industries Profile

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.