Cerity Partners LLC Purchases 12,990 Shares of James Hardie Industries PLC. (NYSE:JHX)

Cerity Partners LLC lifted its position in shares of James Hardie Industries PLC. (NYSE:JHX) by 39.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,083 shares of the construction company’s stock after acquiring an additional 12,990 shares during the period. Cerity Partners LLC’s holdings in James Hardie Industries were worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JHX. TD Private Client Wealth LLC grew its position in James Hardie Industries by 45.3% during the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock valued at $30,000 after buying an additional 303 shares during the period. Aquatic Capital Management LLC bought a new position in James Hardie Industries in the 4th quarter worth $55,000. Huntington National Bank lifted its position in James Hardie Industries by 64.7% during the fourth quarter. Huntington National Bank now owns 2,260 shares of the construction company’s stock valued at $70,000 after purchasing an additional 888 shares in the last quarter. Legal & General Group Plc lifted its position in James Hardie Industries by 98.0% during the fourth quarter. Legal & General Group Plc now owns 5,049 shares of the construction company’s stock valued at $156,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in James Hardie Industries by 9.5% during the fourth quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock valued at $161,000 after purchasing an additional 453 shares during the period. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Trading Up 3.8%

NYSE JHX opened at $27.25 on Wednesday. The firm’s fifty day moving average is $25.78 and its two-hundred day moving average is $27.63. James Hardie Industries PLC. has a one year low of $19.72 and a one year high of $43.57. The firm has a market cap of $11.71 billion, a PE ratio of 27.81, a P/E/G ratio of 1.76 and a beta of 1.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.10.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). James Hardie Industries had a net margin of 10.94% and a return on equity of 31.52%. The business had revenue of $971.50 million during the quarter, compared to analyst estimates of $983.86 million. During the same quarter in the prior year, the company earned $1.61 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts expect that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

JHX has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Robert W. Baird started coverage on shares of James Hardie Industries in a report on Friday, July 11th. They set an “outperform” rating and a $32.00 target price for the company. Baird R W raised James Hardie Industries to a “strong-buy” rating in a research note on Friday, July 11th. Bank of America upgraded James Hardie Industries from an “underperform” rating to a “buy” rating and reduced their price target for the stock from $27.40 to $27.35 in a report on Thursday, March 27th. Finally, Truist Financial lowered their price objective on James Hardie Industries from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.34.

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.