James Hardie Industries PLC. $JHX Shares Sold by Capital World Investors

Capital World Investors decreased its position in James Hardie Industries PLC. (NYSE:JHX) by 30.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,114,408 shares of the construction company’s stock after selling 1,368,709 shares during the period. Capital World Investors owned about 0.72% of James Hardie Industries worth $64,624,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in JHX. Royal Bank of Canada boosted its stake in shares of James Hardie Industries by 17.0% during the first quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock valued at $1,197,000 after acquiring an additional 7,396 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of James Hardie Industries by 160.7% during 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 acquiring an additional 1,662,743 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of James Hardie Industries by 222.4% during the first quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after acquiring an additional 192,478 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of James Hardie Industries by 49.2% during the second quarter. Russell Investments Group Ltd. now owns 11,603 shares of the construction company’s stock valued at $312,000 after acquiring an additional 3,827 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted 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 valued at $40,000 after acquiring an additional 1,461 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research lowered James Hardie Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Truist Financial increased their price objective on James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Barclays decreased their price objective on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

James Hardie Industries Trading Up 3.4%

Shares of JHX stock opened at $23.26 on Wednesday. The firm has a market cap of $13.50 billion, a P/E ratio of 105.75, a PEG ratio of 12.21 and a beta of 1.80. James Hardie Industries PLC. has a 1-year low of $16.46 and a 1-year high of $29.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. The firm’s 50-day simple moving average is $20.96 and its 200-day simple moving average is $21.50.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The company’s revenue was up 44.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities analysts forecast that James Hardie Industries PLC. will post 1.24 EPS for the current 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.