Wealth Enhancement Advisory Services LLC Acquires New Shares in James Hardie Industries PLC. $JHX

Wealth Enhancement Advisory Services LLC bought a new position in shares of James Hardie Industries PLC. (NYSE:JHX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 113,681 shares of the construction company’s stock, valued at approximately $2,184,000.

Several other large investors also recently bought and sold shares of JHX. Y Intercept Hong Kong Ltd acquired a new stake in James Hardie Industries in the 2nd quarter valued at about $654,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of James Hardie Industries by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,600,870 shares of the construction company’s stock valued at $261,273,000 after purchasing an additional 882,795 shares in the last quarter. Tabor Asset Management LP acquired a new stake in shares of James Hardie Industries in the second quarter valued at approximately $5,542,000. Stephens Investment Management Group LLC purchased a new position in shares of James Hardie Industries during the 3rd quarter worth approximately $38,552,000. Finally, Mattson Financial Services LLC purchased a new position in shares of James Hardie Industries during the 3rd quarter worth approximately $1,454,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $23.82 on Friday. The stock has a fifty day moving average price of $21.29 and a 200 day moving average price of $21.77. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $34.58. The firm has a market capitalization of $10.24 billion, a P/E ratio of 49.61, a PEG ratio of 7.71 and a beta of 1.80. The company has a current ratio of 1.79, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Monday, November 17th. The construction company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. James Hardie Industries had a return on equity of 18.40% and a net margin of 4.67%.The firm’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Equities research analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JHX. Oppenheimer upped their target price on James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. Vertical Research upgraded James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, November 19th. CLSA raised James Hardie Industries to a “hold” rating in a research note on Wednesday, October 8th. Robert W. Baird cut their target price on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Truist Financial raised their price target on shares of James Hardie Industries from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, James Hardie Industries currently has an average rating of “Moderate Buy” and an average target price of $25.93.

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.