878 Shares in James Hardie Industries plc (NYSE:JHX) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of James Hardie Industries plc (NYSE:JHX) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 878 shares of the construction company’s stock, valued at approximately $33,000.

A number of other large investors have also recently bought and sold shares of JHX. Jennison Associates LLC acquired a new stake in James Hardie Industries during the 4th quarter worth about $4,532,000. Acadian Asset Management LLC grew its holdings in James Hardie Industries by 754.0% during the 3rd quarter. Acadian Asset Management LLC now owns 116,574 shares of the construction company’s stock worth $3,055,000 after acquiring an additional 102,923 shares during the period. New York State Common Retirement Fund grew its holdings in James Hardie Industries by 111.1% during the 4th quarter. New York State Common Retirement Fund now owns 63,558 shares of the construction company’s stock worth $2,458,000 after acquiring an additional 33,457 shares during the period. Mutual Advisors LLC acquired a new stake in James Hardie Industries during the 4th quarter worth about $549,000. Finally, Whittier Trust Co. acquired a new stake in James Hardie Industries during the 4th quarter worth about $506,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Trading Up 1.9 %

NYSE:JHX opened at $35.76 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.89 and a quick ratio of 1.46. The firm has a 50-day moving average of $38.29 and a 200-day moving average of $35.42. The company has a market cap of $15.58 billion, a PE ratio of 29.55, a PEG ratio of 1.76 and a beta of 1.72. James Hardie Industries plc has a one year low of $22.46 and a one year high of $41.98.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share 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 in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities research analysts expect that James Hardie Industries plc will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JHX has been the subject of a number of recent analyst reports. StockNews.com downgraded James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. 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 report on Tuesday, January 23rd.

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.