Monaco Asset Management SAM Makes New Investment in James Hardie Industries PLC. $JHX

Monaco Asset Management SAM bought a new position in James Hardie Industries PLC. (NYSE:JHX) in the fourth quarter, HoldingsChannel.com reports. The fund bought 130,000 shares of the construction company’s stock, valued at approximately $2,698,000.

A number of other institutional investors also recently modified their holdings of JHX. Global Retirement Partners LLC raised its stake in shares of James Hardie Industries by 3,431.1% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,461 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of James Hardie Industries in the fourth quarter worth about $41,000. Hilltop National Bank bought a new position in shares of James Hardie Industries in the fourth quarter worth about $47,000. Finally, Farther Finance Advisors LLC bought a new position in shares of James Hardie Industries in the fourth quarter worth about $48,000. 7.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock 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 cut their price objective on shares of 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, Zacks Research lowered shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.00.

James Hardie Industries Stock Down 0.0%

Shares of NYSE:JHX opened at $23.27 on Monday. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $29.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58. The company has a market capitalization of $13.51 billion, a PE ratio of 105.79, a PEG ratio of 12.64 and a beta of 1.80. The company has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $21.22.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was up 44.5% compared to the same quarter last year. Analysts forecast that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

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.