James Hardie Industries plc (NYSE:JHX) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc increased its position in shares of James Hardie Industries plc (NYSE:JHX) by 98.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,049 shares of the construction company’s stock after acquiring an additional 2,499 shares during the period. Legal & General Group Plc’s holdings in James Hardie Industries were worth $156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of James Hardie Industries in the third quarter valued at $71,000. Franklin Resources Inc. increased its holdings in James Hardie Industries by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after purchasing an additional 359 shares during the period. JPMorgan Chase & Co. raised its position in James Hardie Industries by 156.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,327 shares of the construction company’s stock valued at $495,000 after purchasing an additional 7,526 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of James Hardie Industries in the 4th quarter valued at about $25,000. Finally, Aaron Wealth Advisors LLC grew its position in shares of James Hardie Industries by 14.1% during the fourth quarter. Aaron Wealth Advisors LLC now owns 9,007 shares of the construction company’s stock worth $278,000 after buying an additional 1,115 shares in the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Stock Performance

Shares of NYSE:JHX opened at $24.00 on Friday. The firm has a market capitalization of $10.31 billion, a PE ratio of 23.76, a P/E/G ratio of 6.16 and a beta of 1.80. James Hardie Industries plc has a 12 month low of $19.72 and a 12 month high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The business has a 50-day moving average of $26.12 and a two-hundred day moving average of $30.95.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $953.30 million during the quarter, compared to analyst estimates of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. As a group, research analysts forecast that James Hardie Industries plc will post 1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JHX shares. Truist Financial set a $45.00 target price on shares of James Hardie Industries in a research note on Monday, March 24th. Morgan Stanley upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday, March 24th. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Macquarie lowered shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Finally, Raymond James set a $55.00 price objective on shares of James Hardie Industries in a report on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, James Hardie Industries presently has an average rating of “Moderate Buy” and an average price target 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.