Senator Investment Group LP Boosts Stock Position in James Hardie Industries PLC. $JHX

Senator Investment Group LP increased its stake in James Hardie Industries PLC. (NYSE:JHX) by 99.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,825,797 shares of the construction company’s stock after buying an additional 911,860 shares during the period. James Hardie Industries accounts for about 1.5% of Senator Investment Group LP’s holdings, making the stock its 21st largest holding. Senator Investment Group LP owned 0.42% of James Hardie Industries worth $37,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ionic Capital Management LLC purchased a new stake in shares of James Hardie Industries in the 3rd quarter worth approximately $1,760,000. Rhumbline Advisers grew its stake in shares of James Hardie Industries by 1,427.1% in the 3rd quarter. Rhumbline Advisers now owns 168,496 shares of the construction company’s stock worth $3,237,000 after buying an additional 157,462 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of James Hardie Industries in the 4th quarter worth approximately $1,038,000. Gotham Asset Management LLC purchased a new stake in shares of James Hardie Industries in the 3rd quarter worth approximately $30,054,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of James Hardie Industries in the 3rd quarter worth approximately $1,952,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

Shares of JHX opened at $25.09 on Tuesday. The business’s fifty day simple moving average is $21.38 and its two-hundred day simple moving average is $21.65. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $29.83. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 114.03, a P/E/G ratio of 13.10 and a beta of 1.80.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JHX. Barclays cut their price target on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Zacks Research downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating, three have assigned 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 price target of $26.00.

James Hardie Industries 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.