Walleye Capital LLC Lowers Stock Position in James Hardie Industries PLC. $JHX

Walleye Capital LLC cut its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 52.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,554 shares of the construction company’s stock after selling 209,957 shares during the quarter. Walleye Capital LLC’s holdings in James Hardie Industries were worth $3,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in 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 acquiring an additional 1,461 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in James Hardie Industries during the first quarter valued at approximately $28,000. Modus Advisors LLC bought a new position in shares of James Hardie Industries in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC boosted its position in shares of James Hardie Industries by 3,431.1% in the fourth 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. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of James Hardie Industries in the fourth quarter worth $41,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Trading Up 4.2%

James Hardie Industries stock opened at $25.83 on Friday. The stock has a market cap of $14.99 billion, a P/E ratio of 117.40 and a beta of 1.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83. The firm’s 50 day moving average price is $23.97 and its 200-day moving average price is $22.67.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $1.40 billion during 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%. James Hardie Industries’s revenue for the quarter was up 44.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, equities analysts predict that James Hardie Industries PLC. will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JHX. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Barclays upped their target price on shares of James Hardie Industries from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, Stephens began coverage on James Hardie Industries in a report on Thursday, June 25th. They set an “overweight” rating and a $31.00 price target on the stock. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.00.

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.