Monaco Asset Management SAM Invests $2.70 Million in James Hardie Industries PLC. $JHX

Monaco Asset Management SAM acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 130,000 shares of the construction company’s stock, valued at approximately $2,698,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of James Hardie Industries by 11,238.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,461 shares during the period. Global Retirement Partners LLC increased 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 worth $33,000 after purchasing an additional 1,544 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of James Hardie Industries during the 4th quarter worth about $41,000. Hilltop National Bank bought a new position in shares of James Hardie Industries during the 4th quarter worth about $47,000. Finally, Farther Finance Advisors LLC bought a new position in shares of James Hardie Industries during the 4th quarter worth about $48,000. Institutional investors own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

JHX has been the topic of several research reports. Truist Financial boosted their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research downgraded shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 11th. Finally, Barclays decreased 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 research report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, James Hardie Industries has an average rating of “Moderate Buy” and a consensus target price of $26.00.

James Hardie Industries Price Performance

NYSE:JHX opened at $23.27 on Monday. The firm has a market cap of $13.51 billion, a PE ratio of 105.79, a price-to-earnings-growth ratio of 12.64 and a beta of 1.80. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $29.83. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $20.41 and its two-hundred day moving average price is $21.22.

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

About James Hardie Industries

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.