6,834 Shares in James Hardie Industries plc (NYSE:JHX) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new position in shares of James Hardie Industries plc (NYSE:JHX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,834 shares of the construction company’s stock, valued at approximately $264,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of James Hardie Industries during the 4th quarter worth about $33,000. Fifth Third Bancorp lifted its position in shares of James Hardie Industries by 492.8% during the 4th quarter. Fifth Third Bancorp now owns 3,681 shares of the construction company’s stock worth $142,000 after purchasing an additional 3,060 shares during the last quarter. Syon Capital LLC acquired a new position in shares of James Hardie Industries during the 3rd quarter worth about $206,000. PDS Planning Inc acquired a new position in James Hardie Industries in the 4th quarter valued at approximately $209,000. Finally, Aaron Wealth Advisors LLC acquired a new position in James Hardie Industries in the 4th quarter valued at approximately $223,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on JHX. Bank of America cut James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price target for the company. in a report on Tuesday, January 23rd. StockNews.com cut James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th.

James Hardie Industries Trading Up 1.5 %

JHX stock opened at $36.30 on Tuesday. James Hardie Industries plc has a 1-year low of $22.53 and a 1-year high of $41.98. The firm has a market cap of $15.82 billion, a P/E ratio of 29.55, a P/E/G ratio of 1.76 and a beta of 1.72. The business’s 50 day moving average is $38.29 and its 200-day moving average is $35.49. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. James Hardie Industries had a return on equity of 38.75% and a net margin of 13.93%. The company had revenue of $978.30 million for the quarter, compared to analyst estimates of $960.23 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts anticipate that James Hardie Industries plc will post 1.6 earnings per share for the current fiscal year.

About James Hardie Industries

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.