James Hardie Industries PLC. $JHX Stake Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in James Hardie Industries PLC. (NYSE:JHX) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,600,870 shares of the construction company’s stock after buying an additional 882,795 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in James Hardie Industries were worth $261,273,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC boosted its position 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 worth $30,000 after acquiring an additional 455 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of James Hardie Industries by 641.2% during the second 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 during the period. MAI Capital Management raised 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 valued at $35,000 after purchasing an additional 1,280 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,461 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in James Hardie Industries in the second quarter worth about $52,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Price Performance

NYSE JHX opened at $23.67 on Tuesday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $34.96. The business’s fifty day moving average is $20.20 and its two-hundred day moving average is $21.91. The stock has a market capitalization of $10.17 billion, a P/E ratio of 49.31, a P/E/G ratio of 7.61 and a beta of 1.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.79.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JHX shares. Vertical Research raised shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, November 19th. Citigroup upgraded shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 4th. Oppenheimer boosted their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, November 19th. CLSA raised James Hardie Industries to a “hold” rating in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.93.

James Hardie Industries 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.