191,261 Shares in James Hardie Industries PLC. $JHX Acquired by Clean Energy Transition LLP

Clean Energy Transition LLP bought a new stake in James Hardie Industries PLC. (NYSE:JHX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 191,261 shares of the construction company’s stock, valued at approximately $3,674,000. James Hardie Industries makes up about 0.3% of Clean Energy Transition LLP’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of JHX. Hantz Financial Services Inc. increased its holdings in shares of James Hardie Industries by 641.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock worth $33,000 after buying an additional 1,058 shares during the last quarter. MAI Capital Management increased its stake in James Hardie Industries by 4,266.7% in the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock valued at $35,000 after acquiring an additional 1,280 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 in the last quarter. AlphaCore Capital LLC purchased a new stake in James Hardie Industries during the second quarter valued at about $52,000. Finally, Osaic Holdings Inc. lifted its stake in James Hardie Industries by 67.1% during the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,034 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $24.40 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.54. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $32.91. The firm has a market cap of $10.49 billion, a PE ratio of 90.36, a price-to-earnings-growth ratio of 5.43 and a beta of 1.80. The business has a 50 day moving average price of $23.28 and a 200-day moving average price of $21.36.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 10th. The construction company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. Equities research analysts predict that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JHX. Citigroup upgraded James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 4th. Vertical Research upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, November 19th. Truist Financial lifted their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Robert W. Baird cut their price objective 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, Oppenheimer lifted their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, James Hardie Industries presently has an average rating of “Moderate Buy” and a consensus price target of $26.71.

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.