Vestmark Advisory Solutions Inc. Takes Position in James Hardie Industries PLC. $JHX

Vestmark Advisory Solutions Inc. purchased a new position in James Hardie Industries PLC. (NYSE:JHX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,170 shares of the construction company’s stock, valued at approximately $623,000.

Several other hedge funds have also recently bought and sold shares of JHX. Citigroup Inc. boosted its position in James Hardie Industries by 59,775.3% during the first quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock worth $125,478,000 after purchasing an additional 5,317,017 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of James Hardie Industries in the first quarter valued at $90,526,000. Massachusetts Financial Services Co. MA acquired a new position in shares of James Hardie Industries during the 1st quarter worth $87,858,000. Goldman Sachs Group Inc. boosted its position in shares of James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after buying an additional 1,662,743 shares in the last quarter. Finally, Millennium Management LLC grew its stake in James Hardie Industries by 5,001.3% in the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after acquiring an additional 978,314 shares during the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JHX shares. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Monday, July 28th. Raymond James Financial set a $28.00 target price on James Hardie Industries in a research note on Wednesday, October 29th. Jefferies Financial Group started coverage on James Hardie Industries in a research report on Friday, August 8th. They set a “buy” rating and a $34.00 price target for the company. Vertical Research initiated coverage on James Hardie Industries in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Oppenheimer set a $28.00 price objective on James Hardie Industries and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, James Hardie Industries has an average rating of “Moderate Buy” and a consensus target price of $27.91.

James Hardie Industries Trading Down 2.0%

Shares of James Hardie Industries stock opened at $17.05 on Wednesday. James Hardie Industries PLC. has a fifty-two week low of $16.64 and a fifty-two week high of $37.65. The business’s fifty day moving average is $20.20 and its two-hundred day moving average is $23.56. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. The firm has a market cap of $7.33 billion, a PE ratio of 22.14, a P/E/G ratio of 14.34 and a beta of 1.82.

James Hardie Industries (NYSE:JHX) last released its earnings results on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The business had revenue of $899.90 million during the quarter, compared to analyst estimates of $982.60 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. Analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

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.