272,172 Shares in James Hardie Industries PLC. $JHX Bought by Citigroup Inc.

Citigroup Inc. acquired a new stake in James Hardie Industries PLC. (NYSE:JHX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 272,172 shares of the construction company’s stock, valued at approximately $5,228,000. Citigroup Inc. owned approximately 0.06% of James Hardie Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JHX. Massachusetts Financial Services Co. MA boosted its stake in shares of James Hardie Industries by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,600,870 shares of the construction company’s stock worth $261,273,000 after acquiring an additional 882,795 shares in the last quarter. Phoenix Financial Ltd. acquired a new position in James Hardie Industries in the 3rd quarter worth about $105,839,000. Balyasny Asset Management L.P. boosted its position in James Hardie Industries by 1,883.6% during the second quarter. Balyasny Asset Management L.P. now owns 3,874,198 shares of the construction company’s stock worth $104,177,000 after purchasing an additional 3,678,889 shares in the last quarter. Eminence Capital LP acquired a new stake in James Hardie Industries in the second quarter valued at approximately $83,249,000. Finally, Goldman Sachs Group Inc. increased its position in shares of James Hardie Industries by 160.7% in 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 buying an additional 1,662,743 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $22.85 on Wednesday. The company has a market cap of $9.82 billion, a P/E ratio of 84.62, a P/E/G ratio of 5.33 and a beta of 1.78. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $32.69. The company’s 50-day moving average price is $23.39 and its 200-day moving average price is $21.22. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird decreased 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. Vertical Research raised shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, November 19th. Citigroup raised shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 11th. Finally, Zacks Research cut James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, James Hardie Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

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.