Calamos Advisors LLC Purchases New Holdings in James Hardie Industries PLC. $JHX

Calamos Advisors LLC acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 785,703 shares of the construction company’s stock, valued at approximately $15,093,000. Calamos Advisors LLC owned 0.18% of James Hardie Industries at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC lifted its holdings in shares of James Hardie Industries by 70.4% during the second 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 during the period. Hantz Financial Services Inc. boosted its holdings in shares of James Hardie Industries by 641.2% in the second quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,058 shares in the last quarter. MAI Capital Management increased its stake in shares of James Hardie Industries by 4,266.7% during the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after acquiring an additional 1,280 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 acquiring an additional 1,461 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in James Hardie Industries during the second quarter worth about $52,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analysts Set New Price Targets

JHX has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Citigroup upgraded James Hardie Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 4th. Barclays started coverage on James Hardie Industries in a research report on Monday, December 8th. They issued an “equal weight” rating and a $21.00 price objective for the company. CLSA upgraded shares of James Hardie Industries to a “hold” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial set a $21.00 price target on shares of James Hardie Industries in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, James Hardie Industries currently has an average rating of “Moderate Buy” and an average target price of $25.93.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $20.87 on Wednesday. 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 company’s 50-day moving average price is $19.67 and its 200 day moving average price is $22.28. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $34.96. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 7.87 and a beta of 1.80.

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

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.