James Hardie Industries PLC. $JHX Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its position in James Hardie Industries PLC. (NYSE:JHX) by 2,088.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 350,760 shares of the construction company’s stock after purchasing an additional 334,734 shares during the quarter. Tudor Investment Corp ET AL’s holdings in James Hardie Industries were worth $6,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $40,000 after purchasing an additional 1,461 shares during the last quarter. Osaic Holdings Inc. raised its stake in 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 last quarter. MAI Capital Management increased its stake in shares of James Hardie Industries by 153.9% during the 3rd quarter. MAI Capital Management now owns 3,326 shares of the construction company’s stock valued at $64,000 after acquiring an additional 2,016 shares during the last quarter. CWM LLC increased its stake in shares of James Hardie Industries by 72.9% during the 3rd quarter. CWM LLC now owns 3,516 shares of the construction company’s stock valued at $68,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Rexford Capital Inc. acquired a new position in shares of James Hardie Industries during the 2nd quarter valued at about $129,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Down 1.4%

Shares of NYSE:JHX opened at $18.75 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.54. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83. The stock has a market capitalization of $8.06 billion, a P/E ratio of 69.43, a PEG ratio of 3.48 and a beta of 1.84. The stock has a 50-day simple moving average of $22.03 and a 200-day simple moving average of $21.08.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a return on equity of 13.52% and a net margin of 2.70%.The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

Analysts Set New Price Targets

JHX has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. 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 upped their price objective on shares of James Hardie Industries from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Finally, Zacks Research downgraded shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, James Hardie Industries has a consensus rating of “Moderate Buy” and an average price target of $26.63.

About James Hardie Industries

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.