TimesSquare Capital Management LLC Boosts Position in James Hardie Industries PLC. $JHX

TimesSquare Capital Management LLC increased its holdings in shares of James Hardie Industries PLC. (NYSE:JHX) by 25.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,003,166 shares of the construction company’s stock after purchasing an additional 401,435 shares during the quarter. TimesSquare Capital Management LLC’s holdings in James Hardie Industries were worth $41,566,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in James Hardie Industries by 11,238.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,461 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in James Hardie Industries during the fourth quarter worth approximately $41,000. Hilltop National Bank purchased a new stake in James Hardie Industries during the fourth quarter worth approximately $47,000. Farther Finance Advisors LLC purchased a new stake in James Hardie Industries during the fourth quarter worth approximately $48,000. Finally, Osaic Holdings Inc. lifted its stake in James Hardie Industries by 67.1% during the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,034 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JHX. Zacks Research cut James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Truist Financial boosted their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Barclays decreased their target price on James Hardie Industries from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.13.

James Hardie Industries Trading Up 2.9%

JHX opened at $19.83 on Tuesday. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 73.43, a price-to-earnings-growth ratio of 4.50 and a beta of 1.79. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $29.83. The business’s 50 day moving average is $20.25 and its two-hundred day moving average is $21.09. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.73.

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.