Senator Investment Group LP Grows Stake in James Hardie Industries PLC. $JHX

Senator Investment Group LP lifted its position in James Hardie Industries PLC. (NYSE:JHX) by 99.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,825,797 shares of the construction company’s stock after purchasing an additional 911,860 shares during the period. James Hardie Industries accounts for approximately 1.5% of Senator Investment Group LP’s investment portfolio, making the stock its 21st largest holding. Senator Investment Group LP’s holdings in James Hardie Industries were worth $37,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake 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. Modus Advisors LLC purchased a new position in shares of James Hardie Industries in the 4th quarter worth $31,000. Global Retirement Partners LLC boosted its stake in shares of James Hardie Industries by 3,431.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after buying an additional 1,544 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of James Hardie Industries in the 4th quarter worth $41,000. Finally, Hilltop National Bank purchased a new position in shares of James Hardie Industries in the 4th quarter worth $47,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Price Performance

NYSE:JHX opened at $25.09 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. The business’s 50-day simple moving average is $21.38 and its two-hundred day simple moving average is $21.65. The stock has a market cap of $14.56 billion, a PE ratio of 114.03, a P/E/G ratio of 13.10 and a beta of 1.80. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $29.83.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The business’s quarterly revenue was up 44.5% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. As a group, analysts forecast that James Hardie Industries PLC. will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

JHX has been the topic of a number of research reports. Barclays dropped their price target on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Zacks Research downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

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.