ING Groep NV Purchases Shares of 252,700 James Hardie Industries PLC. $JHX

ING Groep NV purchased a new stake in James Hardie Industries PLC. (NYSE:JHX) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 252,700 shares of the construction company’s stock, valued at approximately $5,244,000.

A number of other hedge funds also recently made changes to their positions in JHX. Jones Financial Companies Lllp lifted its holdings in shares of James Hardie Industries by 7.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock valued at $151,000 after acquiring an additional 525 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of James Hardie Industries by 16.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock valued at $139,000 after acquiring an additional 936 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of James Hardie Industries by 67.1% during the 2nd 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 in the last quarter. Modus Advisors LLC acquired a new position in shares of James Hardie Industries during the 4th quarter valued at $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 acquiring an additional 1,544 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JHX. Zacks Research lowered shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Barclays reduced their target price on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Truist Financial lifted their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, James Hardie Industries has an average rating of “Moderate Buy” and an average target price of $26.00.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $22.47 on Tuesday. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $29.83. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 102.16, a price-to-earnings-growth ratio of 12.30 and a beta of 1.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. The firm’s fifty day moving average price is $20.86 and its 200 day moving average price is $21.47.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 44.5% on a year-over-year basis. On average, research analysts forecast that James Hardie Industries PLC. will post 1.24 EPS for the current fiscal year.

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.