Aperture Investors LLC Makes New $2.18 Million Investment in James Hardie Industries PLC. $JHX

Aperture Investors LLC bought a new stake in shares of James Hardie Industries PLC. (NYSE:JHX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,890 shares of the construction company’s stock, valued at approximately $2,175,000.

Several other institutional investors have also modified their holdings of JHX. TD Private Client Wealth LLC grew its stake in James Hardie Industries by 70.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $30,000 after purchasing an additional 455 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of James Hardie Industries by 641.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,058 shares in the last quarter. MAI Capital Management boosted its stake in shares of James Hardie Industries by 4,266.7% during the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock valued at $35,000 after buying an additional 1,280 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of James Hardie Industries by 11,238.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after buying an additional 1,461 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of James Hardie Industries during the second quarter worth approximately $52,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Down 2.0%

Shares of James Hardie Industries stock opened at $19.10 on Wednesday. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 7.30 and a beta of 1.80. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $35.28. The company has a current ratio of 1.79, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $19.88 and its 200-day simple moving average is $22.75.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Monday, November 17th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. James Hardie Industries had a return on equity of 18.40% and a net margin of 4.67%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $0.36 EPS. The firm’s revenue was up 34.5% on a year-over-year basis. Equities research analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

JHX has been the topic of several recent analyst reports. Raymond James Financial set a $21.00 price target on shares of James Hardie Industries in a report on Monday. UBS Group restated a “neutral” rating on shares of James Hardie Industries in a research note on Thursday, August 21st. Barclays assumed coverage on shares of James Hardie Industries in a research report on Monday. They set an “equal weight” rating and a $21.00 price target on the stock. Zacks Research raised James Hardie Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, CLSA raised James Hardie Industries to a “hold” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, James Hardie Industries has a consensus rating of “Moderate Buy” and an average price target of $25.93.

James Hardie Industries 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.