Assetmark Inc. Sells 433 Shares of James Hardie Industries PLC. (NYSE:JHX)

Assetmark Inc. lessened its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 7.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,425 shares of the construction company’s stock after selling 433 shares during the period. Assetmark Inc.’s holdings in James Hardie Industries were worth $128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JHX. Massachusetts Financial Services Co. MA bought a new position in James Hardie Industries in the first quarter worth approximately $87,858,000. Northern Trust Corp raised its stake in James Hardie Industries by 76.3% in the fourth quarter. Northern Trust Corp now owns 374,164 shares of the construction company’s stock worth $11,528,000 after buying an additional 161,899 shares in the last quarter. Lazard Asset Management LLC raised its stake in James Hardie Industries by 20.0% in the fourth quarter. Lazard Asset Management LLC now owns 964,583 shares of the construction company’s stock worth $29,718,000 after buying an additional 161,059 shares in the last quarter. FNY Investment Advisers LLC bought a new position in James Hardie Industries in the first quarter worth approximately $1,994,000. Finally, Bank of America Corp DE raised its stake in James Hardie Industries by 19.4% in the fourth quarter. Bank of America Corp DE now owns 453,206 shares of the construction company’s stock worth $13,963,000 after buying an additional 73,504 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

JHX has been the subject of a number of recent research reports. Baird R W raised shares of James Hardie Industries to a “strong-buy” rating in a research note on Friday, July 11th. Robert W. Baird began coverage on shares of James Hardie Industries in a report on Friday, July 11th. They issued an “outperform” rating and a $32.00 price target on the stock. William Blair began coverage on shares of James Hardie Industries in a report on Friday, June 27th. They issued an “outperform” rating on the stock. Macquarie raised shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $37.34.

James Hardie Industries Price Performance

Shares of JHX opened at $25.93 on Monday. The business’s 50-day moving average is $26.18 and its two-hundred day moving average is $27.30. The company has a market capitalization of $11.15 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.73 and a beta of 1.74. 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 PLC. has a fifty-two week low of $19.72 and a fifty-two week high of $43.57.

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