Corient Private Wealth LLC Has $4.47 Million Position in James Hardie Industries PLC. $JHX

Corient Private Wealth LLC grew its stake in James Hardie Industries PLC. (NYSE:JHX) by 840.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 214,417 shares of the construction company’s stock after acquiring an additional 191,606 shares during the period. Corient Private Wealth LLC’s holdings in James Hardie Industries were worth $4,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance LLC boosted its position in shares of James Hardie Industries by 5.7% during the fourth quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock worth $350,000 after purchasing an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in James Hardie Industries by 16.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock worth $139,000 after acquiring an additional 936 shares in the last quarter. Osaic Holdings Inc. grew its stake in James Hardie Industries by 67.1% in the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after acquiring an additional 1,034 shares during the period. Modus Advisors LLC bought a new stake in shares of James Hardie Industries in the fourth quarter worth about $31,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of 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 valued at $33,000 after purchasing an additional 1,544 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays lowered their target price on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Zacks Research lowered shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Finally, Stephens started coverage on James Hardie Industries in a report on Thursday. They set an “overweight” rating and a $31.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.56.

James Hardie Industries Trading Up 2.5%

Shares of NYSE:JHX opened at $26.67 on Friday. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $29.83. The business has a 50 day moving average of $22.31 and a 200-day moving average of $21.99. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. The stock has a market cap of $15.48 billion, a PE ratio of 121.22 and a beta of 1.80.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. As a group, equities research analysts forecast that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

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.