Janney Montgomery Scott LLC Raises Stock Holdings in James Hardie Industries PLC. $JHX

Janney Montgomery Scott LLC increased its position in James Hardie Industries PLC. (NYSE:JHX) by 19.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,777 shares of the construction company’s stock after purchasing an additional 2,415 shares during the period. Janney Montgomery Scott LLC’s holdings in James Hardie Industries were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its stake in James Hardie Industries by 70.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock worth $30,000 after purchasing an additional 455 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of James Hardie Industries during the second quarter valued at $281,000. Rhumbline Advisers lifted its holdings in shares of James Hardie Industries by 10.3% during the first quarter. Rhumbline Advisers now owns 10,694 shares of the construction company’s stock valued at $252,000 after purchasing an additional 999 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of James Hardie Industries by 222.4% during the first quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after purchasing an additional 192,478 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of James Hardie Industries by 160.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock valued at $63,557,000 after purchasing an additional 1,662,743 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JHX shares. Wolfe Research started coverage on James Hardie Industries in a report on Tuesday, September 30th. They set an “outperform” rating and a $25.00 price target on the stock. Truist Financial upped their price target on James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Baird R W raised James Hardie Industries to a “strong-buy” rating in a report on Friday, July 11th. Jefferies Financial Group started coverage on James Hardie Industries in a report on Friday, August 8th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, UBS Group reissued a “neutral” rating on shares of James Hardie Industries in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, James Hardie Industries currently has a consensus rating of “Moderate Buy” and an average target price of $32.39.

James Hardie Industries Stock Performance

NYSE JHX opened at $21.73 on Friday. The company has a market cap of $9.34 billion, a P/E ratio of 28.21, a P/E/G ratio of 14.55 and a beta of 1.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.31 and a current ratio of 3.76. The business’s 50 day moving average price is $21.34 and its 200-day moving average price is $23.78. James Hardie Industries PLC. has a fifty-two week low of $17.85 and a fifty-two week high of $37.65.

James Hardie Industries (NYSE:JHX) last released its earnings results on Tuesday, August 19th. The construction company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $899.90 million for the quarter, compared to the consensus estimate of $982.60 million. James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. Sell-side analysts predict that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

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.