24,337 Shares in James Hardie Industries PLC. $JHX Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of James Hardie Industries PLC. (NYSE:JHX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,337 shares of the construction company’s stock, valued at approximately $654,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in James Hardie Industries by 59,775.3% in the 1st quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock valued at $125,478,000 after purchasing an additional 5,317,017 shares during the last quarter. Wellington Management Group LLP acquired a new position in James Hardie Industries in the 1st quarter valued at about $90,526,000. Massachusetts Financial Services Co. MA acquired a new position in James Hardie Industries in the 1st quarter valued at about $87,858,000. Goldman Sachs Group Inc. boosted its holdings in James Hardie Industries by 160.7% in the 1st 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 during the last quarter. Finally, Millennium Management LLC boosted its holdings in James Hardie Industries by 5,001.3% in the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after purchasing an additional 978,314 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JHX. UBS Group reiterated a “neutral” rating on shares of James Hardie Industries in a report on Thursday, August 21st. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Monday, July 28th. CLSA raised shares of James Hardie Industries to a “hold” rating in a research note on Wednesday, October 8th. Jefferies Financial Group started coverage on shares of James Hardie Industries in a research note on Friday, August 8th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.91.

James Hardie Industries Trading Down 7.7%

NYSE JHX opened at $18.49 on Thursday. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. James Hardie Industries PLC. has a 52 week low of $17.85 and a 52 week high of $37.65. The stock has a market capitalization of $7.95 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 14.34 and a beta of 1.79. The firm has a 50 day moving average of $20.43 and a two-hundred day moving average of $23.73.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $982.60 million. During the same quarter last year, the firm earned $0.41 EPS. The company’s revenue was down 9.3% on a year-over-year basis. As a group, research analysts expect that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal 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.