Natixis Advisors LLC Has $38 Million Stock Holdings in James Hardie Industries PLC. $JHX

Natixis Advisors LLC grew its position in James Hardie Industries PLC. (NYSE:JHX) by 105.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,831,396 shares of the construction company’s stock after purchasing an additional 939,248 shares during the quarter. Natixis Advisors LLC owned approximately 0.43% of James Hardie Industries worth $38,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC lifted its position in 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 acquiring an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,461 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of James Hardie Industries in the fourth quarter worth about $41,000. Hilltop National Bank bought a new position in shares of James Hardie Industries in the fourth quarter worth about $47,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of James Hardie Industries during the 4th quarter worth about $48,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

James Hardie Industries Trading Up 0.5%

Shares of JHX opened at $23.20 on Thursday. The stock’s 50-day moving average price is $20.64 and its 200 day moving average price is $21.35. 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 firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 105.44, a P/E/G ratio of 12.54 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.

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