Natixis Advisors LLC Has $38 Million Position in James Hardie Industries PLC. $JHX

Natixis Advisors LLC boosted its holdings in James Hardie Industries PLC. (NYSE:JHX) by 105.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,831,396 shares of the construction company’s stock after purchasing an additional 939,248 shares during the period. Natixis Advisors LLC’s holdings in James Hardie Industries were worth $38,001,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in James Hardie Industries by 7.0% during the third quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after purchasing an additional 525 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of James Hardie Industries by 16.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock valued at $139,000 after purchasing an additional 936 shares during the period. Osaic Holdings Inc. grew its stake in shares of James Hardie Industries by 67.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after purchasing an additional 1,034 shares during the period. Global Retirement Partners LLC raised its stake in James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after acquiring an additional 1,544 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of James Hardie Industries during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Up 0.5%

JHX stock opened at $23.20 on Thursday. The stock has a market capitalization of $13.46 billion, a P/E ratio of 105.44, a P/E/G ratio of 12.54 and a beta of 1.80. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $29.83. The business has a 50-day moving average of $20.64 and a 200-day moving average of $21.35. 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 (NYSE:JHX) last posted its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The company 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 company earned $0.36 earnings per share. The firm’s revenue was up 44.5% compared to the same quarter last year. On average, sell-side analysts anticipate that James Hardie Industries PLC. will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JHX has been the subject of a number of recent analyst reports. Zacks Research cut James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 11th. Barclays reduced their target price on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Finally, Truist Financial boosted their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.