Simplicity Solutions LLC Has $469,000 Stock Position in James Hardie Industries plc (NYSE:JHX)

Simplicity Solutions LLC raised its stake in James Hardie Industries plc (NYSE:JHX) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,124 shares of the construction company’s stock after acquiring an additional 623 shares during the quarter. Simplicity Solutions LLC’s holdings in James Hardie Industries were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clarius Group LLC increased its position in James Hardie Industries by 61.8% in the 4th quarter. Clarius Group LLC now owns 14,583 shares of the construction company’s stock valued at $564,000 after acquiring an additional 5,568 shares in the last quarter. Cerity Partners LLC increased its position in James Hardie Industries by 39.8% in the 4th quarter. Cerity Partners LLC now owns 21,023 shares of the construction company’s stock valued at $813,000 after acquiring an additional 5,981 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in James Hardie Industries in the 4th quarter valued at about $223,000. Sequoia Financial Advisors LLC increased its position in James Hardie Industries by 17.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,264 shares of the construction company’s stock valued at $474,000 after acquiring an additional 1,853 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in James Hardie Industries by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 12,124 shares of the construction company’s stock valued at $469,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Bank of America cut shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective for the company. in a research report on Tuesday, January 23rd.

James Hardie Industries Stock Down 1.3 %

Shares of NYSE JHX opened at $34.28 on Friday. The firm has a market capitalization of $14.94 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.69. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. James Hardie Industries plc has a 1 year low of $21.76 and a 1 year high of $41.98. The firm’s 50-day moving average is $38.80 and its 200-day moving average is $34.65.

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

James Hardie Industries Company 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.