6,834 Shares in James Hardie Industries plc (NYSE:JHX) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC purchased a new position in shares of James Hardie Industries plc (NYSE:JHX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,834 shares of the construction company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC bought a new position in James Hardie Industries during the fourth quarter worth about $4,532,000. Bleakley Financial Group LLC lifted its position in James Hardie Industries by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 12,124 shares of the construction company’s stock worth $469,000 after acquiring an additional 623 shares during the last quarter. New York State Common Retirement Fund lifted its position in James Hardie Industries by 357.7% during the third quarter. New York State Common Retirement Fund now owns 30,101 shares of the construction company’s stock worth $790,000 after acquiring an additional 23,524 shares during the last quarter. Ballentine Partners LLC acquired a new stake in James Hardie Industries during the fourth quarter worth approximately $305,000. Finally, Acadian Asset Management LLC lifted its position in James Hardie Industries by 754.0% during the third 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 last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Up 1.5 %

NYSE JHX opened at $36.30 on Tuesday. 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 $22.53 and a 1-year high of $41.98. The company has a 50 day moving average of $38.29 and a 200-day moving average of $35.49. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.76 and a beta of 1.72.

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, beating analysts’ consensus estimates 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 company had revenue of $978.30 million during the quarter, compared to the consensus estimate of $960.23 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities research analysts expect that James Hardie Industries plc will post 1.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JHX has been the subject of several research reports. StockNews.com downgraded shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th. Bank of America downgraded 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 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.