James Hardie Industries PLC. $JHX Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in James Hardie Industries PLC. (NYSE:JHX) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,003,166 shares of the construction company’s stock after acquiring an additional 401,435 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.47% of James Hardie Industries worth $41,566,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after acquiring an additional 1,461 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in James Hardie Industries in the 4th quarter valued at about $41,000. Hilltop National Bank acquired a new position in James Hardie Industries in the 4th quarter valued at about $47,000. Farther Finance Advisors LLC acquired a new position in James Hardie Industries in the 4th quarter valued at about $48,000. Finally, Osaic Holdings Inc. grew its position in James Hardie Industries by 67.1% in 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. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Stock Performance

Shares of JHX opened at $19.83 on Tuesday. The stock has a 50-day simple moving average of $20.25 and a 200-day simple moving average of $21.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.54. The stock has a market capitalization of $8.52 billion, a PE ratio of 73.43, a PEG ratio of 4.50 and a beta of 1.79. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83.

Analyst Ratings Changes

Several equities analysts have weighed in on JHX shares. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 11th. Truist Financial lifted their price objective on James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Barclays decreased their price objective on James Hardie Industries from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Zacks Research cut James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.13.

James Hardie Industries Company 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.