Russell Investments Group Ltd. Buys 453 Shares of James Hardie Industries plc (NYSE:JHX)

Russell Investments Group Ltd. increased its stake in James Hardie Industries plc (NYSE:JHX) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,220 shares of the construction company’s stock after buying an additional 453 shares during the quarter. Russell Investments Group Ltd.’s holdings in James Hardie Industries were worth $161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JHX. Envestnet Asset Management Inc. grew its position in James Hardie Industries by 23.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 90,741 shares of the construction company’s stock valued at $2,796,000 after acquiring an additional 17,082 shares during the last quarter. Huntington National Bank grew its holdings in shares of James Hardie Industries by 64.7% in the fourth quarter. Huntington National Bank now owns 2,260 shares of the construction company’s stock worth $70,000 after purchasing an additional 888 shares during the last quarter. OLD Mission Capital LLC purchased a new position in James Hardie Industries in the 4th quarter worth about $1,025,000. Franklin Resources Inc. lifted its holdings in James Hardie Industries by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 9,416 shares of the construction company’s stock valued at $290,000 after buying an additional 865 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in James Hardie Industries by 16.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 33,952 shares of the construction company’s stock valued at $1,046,000 after buying an additional 4,802 shares during the period. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Price Performance

NYSE:JHX opened at $24.35 on Friday. The firm has a market cap of $10.47 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The stock has a 50 day moving average of $26.78 and a two-hundred day moving average of $31.30. James Hardie Industries plc has a 12 month low of $19.72 and a 12 month high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The business had revenue of $953.30 million for the quarter, compared to analysts’ expectations of $967.63 million. On average, analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of research analyst reports. Morgan Stanley raised James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 24th. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Truist Financial set a $45.00 target price on shares of James Hardie Industries in a research report on Monday, March 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating and cut their price objective for the company from $27.40 to $27.35 in a report on Thursday, March 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.45.

About James Hardie Industries

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.