Charles Schwab Investment Management Inc. Boosts Stock Position in James Hardie Industries plc (NYSE:JHX)

Charles Schwab Investment Management Inc. grew its holdings in James Hardie Industries plc (NYSE:JHX) by 67.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,074 shares of the construction company’s stock after buying an additional 20,496 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in James Hardie Industries were worth $2,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. boosted its stake in James Hardie Industries by 55.7% during the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after buying an additional 374 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after purchasing an additional 432 shares during the last quarter. Huntington National Bank acquired a new position in shares of James Hardie Industries in the 3rd quarter valued at $55,000. Cubist Systematic Strategies LLC acquired a new position in shares of James Hardie Industries in the 2nd quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of James Hardie Industries by 144.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,828 shares of the construction company’s stock valued at $89,000 after purchasing an additional 1,670 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on JHX shares. StockNews.com lowered James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. Finally, Truist Financial started coverage on James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, James Hardie Industries presently has an average rating of “Hold” and a consensus target price of $40.25.

James Hardie Industries Stock Down 0.8 %

James Hardie Industries stock opened at $33.94 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average of $34.87 and a two-hundred day moving average of $34.55. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 4.35 and a beta of 1.77. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The firm had revenue of $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. During the same period last year, the business posted $0.41 EPS. James Hardie Industries’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, research analysts expect that James Hardie Industries plc will post 1.47 earnings per share 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.