Jones Financial Companies Lllp Has $57.71 Million Position in James Hardie Industries PLC. $JHX

Jones Financial Companies Lllp raised its holdings in James Hardie Industries PLC. (NYSE:JHX) by 22.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,166,998 shares of the construction company’s stock after purchasing an additional 397,621 shares during the period. Jones Financial Companies Lllp’s holdings in James Hardie Industries were worth $57,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in JHX. Handelsbanken Fonder AB acquired a new stake in shares of James Hardie Industries during the 2nd quarter valued at about $5,459,000. Capula Management Ltd bought a new position in James Hardie Industries during the first quarter worth about $6,620,000. Sei Investments Co. lifted its stake in James Hardie Industries by 42.9% during the first quarter. Sei Investments Co. now owns 718,202 shares of the construction company’s stock worth $13,603,000 after purchasing an additional 215,752 shares during the period. TimesSquare Capital Management LLC boosted its holdings in James Hardie Industries by 25.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,003,166 shares of the construction company’s stock valued at $41,566,000 after purchasing an additional 401,435 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of James Hardie Industries by 48.5% in the 1st quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock valued at $72,720,000 after purchasing an additional 1,254,400 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $30.20 on Tuesday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $31.35. The firm has a 50 day moving average of $26.95 and a 200-day moving average of $23.56. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $17.53 billion, a P/E ratio of 120.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.James Hardie Industries’s revenue was up 63.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. As a group, sell-side analysts anticipate that James Hardie Industries PLC. will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JHX shares. Truist Financial increased their target price on James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Oppenheimer boosted their price target on James Hardie Industries from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Barclays upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $35.00 in a research note on Monday, August 10th. Finally, Raymond James Financial set a $35.00 price objective on James Hardie Industries in a report on Monday, August 10th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, James Hardie Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

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.