Sequoia Financial Advisors LLC Increases Holdings in James Hardie Industries plc (NYSE:JHX)

Sequoia Financial Advisors LLC increased its position in James Hardie Industries plc (NYSE:JHX) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,264 shares of the construction company’s stock after acquiring an additional 1,853 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in James Hardie Industries were worth $474,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clarius Group LLC lifted its holdings in shares of James Hardie Industries by 5.0% in the third quarter. Clarius Group LLC now owns 9,015 shares of the construction company’s stock valued at $237,000 after purchasing an additional 432 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of James Hardie Industries by 4.7% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company’s stock worth $254,000 after acquiring an additional 433 shares during the last quarter. Cerity Partners LLC lifted its position in shares of James Hardie Industries by 2.1% in the second quarter. Cerity Partners LLC now owns 21,861 shares of the construction company’s stock valued at $588,000 after acquiring an additional 448 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of James Hardie Industries by 1.7% during the second quarter. Natixis Advisors L.P. now owns 28,207 shares of the construction company’s stock valued at $619,000 after acquiring an additional 481 shares during the last quarter. Finally, Balentine LLC increased its position in James Hardie Industries by 5.6% during the 2nd quarter. Balentine LLC now owns 10,590 shares of the construction company’s stock worth $285,000 after purchasing an additional 560 shares in the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Stock Down 1.7 %

Shares of NYSE:JHX opened at $34.75 on Thursday. James Hardie Industries plc has a 12-month low of $21.76 and a 12-month high of $41.98. The stock’s 50-day moving average price is $38.89 and its two-hundred day moving average price is $34.66. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 1.70 and a beta of 1.69.

James Hardie Industries (NYSE:JHX) last released its earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. James Hardie Industries had a net margin of 13.93% and a return on equity of 38.75%. The business had revenue of $978.30 million for the quarter, compared to analysts’ expectations of $960.23 million. During the same period last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, research analysts forecast that James Hardie Industries plc will post 1.6 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on JHX. Bank of America lowered shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price on the stock. in a report on Tuesday, January 23rd. StockNews.com downgraded shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

James Hardie Industries Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.