Raymond James & Associates Buys New Position in James Hardie Industries plc (NYSE:JHX)

Raymond James & Associates purchased a new position in shares of James Hardie Industries plc (NYSE:JHX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,068 shares of the construction company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Syon Capital LLC purchased a new position in James Hardie Industries during the 3rd quarter worth $206,000. Clarius Group LLC boosted its holdings in James Hardie Industries by 5.0% during the third quarter. Clarius Group LLC now owns 9,015 shares of the construction company’s stock worth $237,000 after purchasing an additional 432 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in James Hardie Industries by 4.7% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company’s stock worth $254,000 after purchasing an additional 433 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in James Hardie Industries in the 3rd quarter worth about $271,000. Finally, Balentine LLC increased its stake in James Hardie Industries by 6.2% in the 3rd quarter. Balentine LLC now owns 11,248 shares of the construction company’s stock valued at $295,000 after buying an additional 658 shares during the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $36.12 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.46 and a current ratio of 1.89. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 1.70 and a beta of 1.69. James Hardie Industries plc has a 52 week low of $22.14 and a 52 week high of $41.98. The firm’s 50-day simple moving average is $38.51 and its two-hundred day simple moving average is $35.24.

James Hardie Industries (NYSE:JHX) last issued its quarterly 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. The company had revenue of $978.30 million during 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%. James Hardie Industries’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. As a group, equities analysts forecast that James Hardie Industries plc will post 1.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on JHX. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price target for the company. in a research report on Tuesday, January 23rd. StockNews.com lowered James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th.

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.