20,437 Shares of James Hardie Industries PLC. $JHX Purchased by State of Wyoming

State of Wyoming purchased a new stake in James Hardie Industries PLC. (NYSE:JHX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,437 shares of the construction company’s stock, valued at approximately $517,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in James Hardie Industries by 10.8% during the third quarter. Oppenheimer & Co. Inc. now owns 10,000 shares of the construction company’s stock valued at $253,000 after acquiring an additional 978 shares in the last quarter. Sterling Capital Management LLC lifted its stake in James Hardie Industries by 48.4% in the third quarter. Sterling Capital Management LLC now owns 7,667 shares of the construction company’s stock valued at $194,000 after acquiring an additional 2,501 shares during the last quarter. Root Financial Partners LLC bought a new stake in James Hardie Industries in the third quarter worth approximately $27,000. Reyes Financial Architecture Inc. bought a new stake in James Hardie Industries in the third quarter worth approximately $36,000. Finally, Pinnacle Associates Ltd. bought a new stake in James Hardie Industries in the third quarter worth approximately $551,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JHX shares. UBS Group restated a “buy” rating on shares of James Hardie Industries in a report on Wednesday, September 16th. Barclays upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, August 10th. Zacks Research cut James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Raymond James Financial set a $36.00 target price on James Hardie Industries in a research note on Tuesday, October 6th. Finally, Citigroup downgraded James Hardie Industries from a “buy” rating to a “neutral” rating in a research report on Monday, September 28th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, James Hardie Industries presently has an average rating of “Moderate Buy” and an average target price of $33.89.

James Hardie Industries Stock Performance

Shares of NYSE JHX opened at $27.82 on Tuesday. The business has a fifty day simple moving average of $26.96 and a 200 day simple moving average of $24.40. 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 $16.15 billion, a price-to-earnings ratio of 111.28, a PEG ratio of 2.66 and a beta of 1.79. James Hardie Industries PLC. has a one year low of $16.46 and a one year high of $31.43.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $0.29 EPS. The business’s revenue was up 63.9% on a year-over-year basis. Sell-side analysts expect that James Hardie Industries PLC. will post 1.26 EPS for the current year.

About James Hardie Industries

James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.

The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.

Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.