James Hardie Industries plc (NYSE:JHX) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of James Hardie Industries plc (NYSE:JHX) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,264 shares of the construction company’s stock after purchasing an additional 1,853 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in James Hardie Industries were worth $474,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its holdings in James Hardie Industries by 150.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after purchasing an additional 1,486 shares during the last quarter. JPMorgan Chase & Co. raised its position in James Hardie Industries by 28.0% during the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after acquiring an additional 640 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in James Hardie Industries by 50.5% in the first quarter. Natixis Advisors L.P. now owns 27,726 shares of the construction company’s stock valued at $836,000 after acquiring an additional 9,305 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in James Hardie Industries by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 58,524 shares of the construction company’s stock valued at $1,764,000 after acquiring an additional 4,904 shares during the period. Finally, Brinker Capital Investments LLC boosted its position in James Hardie Industries by 7.8% in the 1st quarter. Brinker Capital Investments LLC now owns 9,438 shares of the construction company’s stock worth $285,000 after purchasing an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Down 1.7 %

JHX stock opened at $34.75 on Thursday. James Hardie Industries plc has a 12-month low of $21.76 and a 12-month high of $41.98. The business’s 50-day moving average is $38.89 and its 200 day moving average is $34.66. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 1.70 and a beta of 1.69.

James Hardie Industries (NYSE:JHX) last released its earnings results 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 business had revenue of $978.30 million for the quarter, compared to the consensus estimate of $960.23 million. During the same quarter last year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that James Hardie Industries plc will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JHX shares. StockNews.com cut shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Bank of America lowered shares of 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.

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.