Beaconlight Capital LLC Has $2.91 Million Position in James Hardie Industries PLC. $JHX

Beaconlight Capital LLC increased its holdings in James Hardie Industries PLC. (NYSE:JHX) by 31.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,863 shares of the construction company’s stock after purchasing an additional 37,223 shares during the period. James Hardie Industries makes up 1.5% of Beaconlight Capital LLC’s portfolio, making the stock its 17th biggest position. Beaconlight Capital LLC’s holdings in James Hardie Industries were worth $2,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after buying an additional 1,461 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of James Hardie Industries during the 1st quarter worth about $28,000. Modus Advisors LLC acquired a new position in James Hardie Industries in the fourth quarter valued at about $31,000. Global Retirement Partners LLC boosted its position in James Hardie Industries by 3,431.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after buying an additional 1,544 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of James Hardie Industries in the fourth quarter valued at approximately $41,000. Institutional investors own 7.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays restated a “positive” rating on shares of James Hardie Industries in a research report on Friday. Zacks Research raised James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Stephens assumed coverage on James Hardie Industries in a report on Thursday, June 25th. They set an “overweight” rating and a $31.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.11.

James Hardie Industries Stock Up 2.5%

NYSE:JHX opened at $26.52 on Friday. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 120.53 and a beta of 1.77. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $24.12 and a two-hundred day moving average price of $22.69. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm earned $0.36 EPS. James Hardie Industries’s quarterly revenue was up 44.5% compared to the same quarter last year. As a group, equities analysts expect that James Hardie Industries PLC. will post 1.25 earnings per share for the current year.

About James Hardie Industries

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.