Jennison Associates LLC Invests $4.53 Million in James Hardie Industries plc (NYSE:JHX)

Jennison Associates LLC acquired a new stake in shares of James Hardie Industries plc (NYSE:JHX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 117,206 shares of the construction company’s stock, valued at approximately $4,532,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp grew its holdings in shares of James Hardie Industries by 492.8% during the fourth quarter. Fifth Third Bancorp now owns 3,681 shares of the construction company’s stock valued at $142,000 after purchasing an additional 3,060 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in James Hardie Industries during the 4th quarter worth $223,000. Raymond James & Associates acquired a new stake in James Hardie Industries in the fourth quarter worth $273,000. Syon Capital LLC bought a new stake in James Hardie Industries in the third quarter valued at $206,000. Finally, Ballentine Partners LLC acquired a new position in shares of James Hardie Industries during the fourth quarter valued at $305,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Price Performance

Shares of JHX opened at $36.07 on Friday. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.69. The stock’s fifty day moving average is $38.54 and its 200-day moving average is $35.05. James Hardie Industries plc has a one year low of $21.88 and a one year high of $41.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.46 and a current ratio of 1.89.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, topping 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 company had revenue of $978.30 million during the quarter, compared to analyst estimates of $960.23 million. During the same period in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts anticipate that James Hardie Industries plc will post 1.6 EPS for the current year.

Analyst Ratings Changes

JHX has been the topic of a number of analyst reports. Bank of America cut shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective on the stock. 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 Company 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.