Quantbot Technologies LP Sells 27,892 Shares of James Hardie Industries PLC. $JHX

Quantbot Technologies LP trimmed its holdings in shares of James Hardie Industries PLC. (NYSE:JHX) by 34.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,578 shares of the construction company’s stock after selling 27,892 shares during the period. Quantbot Technologies LP’s holdings in James Hardie Industries were worth $1,403,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JHX. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $40,000 after purchasing an additional 1,461 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of James Hardie Industries in the first quarter valued at about $28,000. Modus Advisors LLC bought a new position in shares of James Hardie Industries in the fourth quarter valued at about $31,000. Global Retirement Partners LLC lifted its position in James Hardie Industries by 3,431.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after buying an additional 1,544 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in James Hardie Industries during the 4th quarter worth about $41,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Up 0.6%

Shares of NYSE JHX opened at $30.38 on Wednesday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $31.35. The firm’s 50-day moving average is $27.05 and its 200-day moving average is $23.60. 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 firm has a market capitalization of $17.63 billion, a PE ratio of 121.52, a price-to-earnings-growth ratio of 2.60 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. James Hardie Industries’s revenue for the quarter was up 63.9% compared to the same quarter last year. Equities analysts expect that James Hardie Industries PLC. will post 1.41 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on JHX. Barclays upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $35.00 in a research report on Monday, August 10th. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Stephens increased their price target on shares of James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a report on Friday, August 7th. Finally, Truist Financial boosted their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

James Hardie Industries Company 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.