James Hardie Industries PLC. $JHX Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 42.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 718,202 shares of the construction company’s stock after acquiring an additional 215,752 shares during the quarter. Sei Investments Co.’s holdings in James Hardie Industries were worth $13,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of James Hardie Industries during the first quarter valued at $28,000. Modus Advisors LLC acquired a new position in James Hardie Industries in the 4th quarter valued at about $31,000. Global Retirement Partners LLC lifted its holdings in 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 valued at $33,000 after purchasing an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 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. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JHX shares. Barclays reiterated a “positive” rating on shares of James Hardie Industries in a report on Friday, July 24th. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stephens increased their price target on James Hardie Industries from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Oppenheimer raised their price objective on James Hardie Industries from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.56.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $26.52 on Friday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year 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 firm has a 50 day moving average price of $24.64 and a 200 day moving average price of $22.85. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 120.57 and a beta of 1.77.

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

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.