68,550 Shares in James Hardie Industries PLC. $JHX Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in James Hardie Industries PLC. (NYSE:JHX) during the third quarter, Holdings Channel.com reports. The institutional investor bought 68,550 shares of the construction company’s stock, valued at approximately $1,317,000.

Other large investors have also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in shares of James Hardie Industries by 70.4% during the second quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock worth $30,000 after purchasing an additional 455 shares in the last quarter. Hantz Financial Services Inc. grew its stake in James Hardie Industries by 641.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock worth $33,000 after buying an additional 1,058 shares in the last quarter. MAI Capital Management grew its stake in James Hardie Industries by 4,266.7% in the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after buying an additional 1,280 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after buying an additional 1,461 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of James Hardie Industries during the 2nd quarter valued at $52,000. Institutional investors own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

JHX has been the subject of several research reports. Zacks Research lowered shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Barclays assumed coverage on James Hardie Industries in a report on Monday, December 8th. They issued an “equal weight” rating and a $21.00 price objective for the company. Truist Financial raised their price objective on James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Oppenheimer upped their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 19th. Finally, Raymond James Financial set a $21.00 price target on shares of James Hardie Industries in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, James Hardie Industries currently has an average rating of “Moderate Buy” and a consensus price target of $25.93.

James Hardie Industries Price Performance

JHX opened at $23.67 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $20.07 and its 200 day simple moving average is $22.04. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 8.95 and a beta of 1.80. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $34.96.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Monday, November 17th. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. James Hardie Industries had a return on equity of 18.40% and a net margin of 4.67%.The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. As a group, analysts predict that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

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.