New York State Common Retirement Fund Acquires 33,457 Shares of James Hardie Industries plc (NYSE:JHX)

New York State Common Retirement Fund boosted its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 111.1% in the fourth quarter, Holdings Channel reports. The firm owned 63,558 shares of the construction company’s stock after purchasing an additional 33,457 shares during the quarter. New York State Common Retirement Fund’s holdings in James Hardie Industries were worth $2,458,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. PDS Planning Inc acquired a new position in shares of James Hardie Industries in the 4th quarter valued at $209,000. Jennison Associates LLC acquired a new position in shares of James Hardie Industries in the 4th quarter valued at $4,532,000. Signaturefd LLC grew its holdings in shares of James Hardie Industries by 4.9% in the 4th quarter. Signaturefd LLC now owns 19,864 shares of the construction company’s stock valued at $768,000 after buying an additional 921 shares during the period. Simplicity Solutions LLC grew its holdings in shares of James Hardie Industries by 5.4% in the 4th quarter. Simplicity Solutions LLC now owns 12,124 shares of the construction company’s stock valued at $469,000 after buying an additional 623 shares during the period. Finally, Clarius Group LLC grew its holdings in shares of 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 buying an additional 5,568 shares during the period. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Up 1.8 %

JHX opened at $36.96 on Wednesday. The stock has a market capitalization of $16.10 billion, a P/E ratio of 30.55, a P/E/G ratio of 1.76 and a beta of 1.72. James Hardie Industries plc has a 12 month low of $22.53 and a 12 month high of $41.98. The firm’s fifty day simple moving average is $38.21 and its 200 day simple moving average is $35.66. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 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 firm 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 firm posted $0.29 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that James Hardie Industries plc will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

JHX has been the topic of several research reports. StockNews.com cut 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 cut shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective on the stock. in a research 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.