Renaissance Technologies LLC Increases Stock Holdings in James Hardie Industries PLC. $JHX

Renaissance Technologies LLC lifted its position in shares of James Hardie Industries PLC. (NYSE:JHX) by 48.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,839,489 shares of the construction company’s stock after acquiring an additional 1,254,400 shares during the period. Renaissance Technologies LLC’s holdings in James Hardie Industries were worth $72,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beaconlight Capital LLC raised its position in James Hardie Industries by 31.9% during the first quarter. Beaconlight Capital LLC now owns 153,863 shares of the construction company’s stock worth $2,914,000 after acquiring an additional 37,223 shares during the last quarter. Cloverfields Capital Group LP acquired a new stake in shares of James Hardie Industries in the first quarter valued at approximately $1,512,000. Capula Management Ltd acquired a new position in shares of James Hardie Industries during the 1st quarter worth approximately $6,620,000. Sei Investments Co. lifted its stake in James Hardie Industries by 42.9% in the 1st quarter. Sei Investments Co. now owns 718,202 shares of the construction company’s stock valued at $13,603,000 after buying an additional 215,752 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in James Hardie Industries by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,788 shares of the construction company’s stock valued at $3,205,000 after buying an additional 1,721 shares in the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Trading Up 2.5%

Shares of James Hardie Industries stock opened at $26.52 on Friday. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $29.83. The business’s fifty day moving average is $24.12 and its two-hundred day moving average is $22.69. 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 cap of $15.39 billion, a PE ratio of 120.53 and a beta of 1.77.

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, beating analysts’ consensus estimates of $0.29 by $0.01. The business 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 business’s revenue for the quarter was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. Analysts anticipate that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays reissued a “positive” rating on shares of James Hardie Industries in a research report on Friday. Zacks Research raised James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Stephens assumed coverage on James Hardie Industries in a research report on Thursday, June 25th. They set an “overweight” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, James Hardie Industries presently has an average rating of “Moderate Buy” and an average target price of $27.11.

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.