Beaconlight Capital LLC Purchases Shares of 116,640 James Hardie Industries PLC. $JHX

Beaconlight Capital LLC purchased a new stake in James Hardie Industries PLC. (NYSE:JHX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 116,640 shares of the construction company’s stock, valued at approximately $2,420,000. James Hardie Industries accounts for 1.4% of Beaconlight Capital LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of JHX. Jones Financial Companies Lllp increased its holdings in James Hardie Industries by 7.0% during the third quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after buying an additional 525 shares during the last quarter. Xponance LLC grew its position in shares of James Hardie Industries by 5.7% in the fourth quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock valued at $350,000 after purchasing an additional 911 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of James Hardie Industries by 16.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock valued at $139,000 after buying an additional 936 shares during the period. Osaic Holdings Inc. boosted its stake in shares of James Hardie Industries by 67.1% in the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after buying an additional 1,034 shares during the period. Finally, Modus Advisors LLC bought a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

Shares of JHX opened at $24.58 on Thursday. 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 stock has a 50-day moving average of $21.63 and a 200-day moving average of $21.73. The company has a market cap of $14.26 billion, a PE ratio of 111.71, a P/E/G ratio of 13.92 and a beta of 1.80. James Hardie Industries PLC. has a one year low of $16.46 and a one year high of $29.83.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 44.5% compared to the same quarter last year. On average, equities research analysts predict that James Hardie Industries PLC. will post 1.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JHX shares. Barclays cut their target price on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Zacks Research downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Ten equities research 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 MarketBeat, James Hardie Industries has an average rating of “Moderate Buy” and a consensus price target of $26.00.

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.