State of Wyoming Buys 20,437 Shares of James Hardie Industries PLC. $JHX

State of Wyoming acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX) in the third quarter, HoldingsChannel reports. The fund acquired 20,437 shares of the construction company’s stock, valued at approximately $517,000.

A number of other institutional investors have also made changes to their positions in the stock. Alyeska Investment Group L.P. lifted its stake in James Hardie Industries by 12.3% in the second quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company’s stock valued at $228,758,000 after buying an additional 954,317 shares during the period. Hill City Capital LP grew its position in shares of James Hardie Industries by 1.8% during the 2nd quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company’s stock worth $149,852,000 after buying an additional 102,200 shares during the period. RDST Capital LLC increased its stake in shares of James Hardie Industries by 24.0% in the 2nd quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock valued at $105,114,000 after acquiring an additional 776,950 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of James Hardie Industries by 48.5% in the 1st quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock valued at $72,720,000 after acquiring an additional 1,254,400 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of James Hardie Industries by 22.5% in the 2nd quarter. Jones Financial Companies Lllp now owns 2,166,998 shares of the construction company’s stock valued at $57,707,000 after acquiring an additional 397,621 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JHX shares. Robert W. Baird cut their price target on shares of James Hardie Industries from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Truist Financial boosted their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $36.00 target price on shares of James Hardie Industries in a research note on Wednesday, September 16th. Stephens increased their target price on shares of James Hardie Industries from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Melius Research initiated coverage on shares of James Hardie Industries in a report on Tuesday, October 6th. They issued a “buy” rating and a $36.00 target price on the stock. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.89.

James Hardie Industries Stock Up 2.1%

NYSE:JHX opened at $27.82 on Tuesday. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 111.28, a price-to-earnings-growth ratio of 2.66 and a beta of 1.79. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $31.43. The stock’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $24.40. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm earned $0.29 EPS. James Hardie Industries’s quarterly revenue was up 63.9% compared to the same quarter last year. Equities research analysts expect that James Hardie Industries PLC. will post 1.26 earnings per share for the current fiscal year.

About James Hardie Industries

James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.

The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.

Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.