7,068 Shares in James Hardie Industries plc (NYSE:JHX) Bought by Raymond James & Associates

Raymond James & Associates purchased a new stake in James Hardie Industries plc (NYSE:JHX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,068 shares of the construction company’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of JHX. Clarius Group LLC grew its holdings in James Hardie Industries by 5.0% during the third quarter. Clarius Group LLC now owns 9,015 shares of the construction company’s stock worth $237,000 after purchasing an additional 432 shares during the period. Advisor Partners II LLC lifted its position in shares of James Hardie Industries by 24.4% in the third quarter. Advisor Partners II LLC now owns 21,991 shares of the construction company’s stock valued at $577,000 after buying an additional 4,316 shares during the last quarter. Signaturefd LLC boosted its stake in shares of James Hardie Industries by 5.0% during the 3rd quarter. Signaturefd LLC now owns 18,943 shares of the construction company’s stock worth $497,000 after acquiring an additional 901 shares during the period. Syon Capital LLC acquired a new position in shares of James Hardie Industries during the 3rd quarter worth approximately $206,000. Finally, New York State Common Retirement Fund raised its position in shares of James Hardie Industries by 357.7% in the third quarter. New York State Common Retirement Fund now owns 30,101 shares of the construction company’s stock valued at $790,000 after purchasing an additional 23,524 shares during the period. Institutional investors own 7.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

James Hardie Industries Trading Up 0.1 %

Shares of James Hardie Industries stock opened at $36.12 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.46 and a current ratio of 1.89. The firm has a 50-day moving average of $38.51 and a 200-day moving average of $35.24. James Hardie Industries plc has a 52-week low of $22.14 and a 52-week high of $41.98. The stock has a market cap of $15.73 billion, a PE ratio of 29.85, a PEG ratio of 1.70 and a beta of 1.69.

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

James Hardie Industries Profile

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.