Corient Private Wealth LLC Buys 191,606 Shares of James Hardie Industries PLC. $JHX

Corient Private Wealth LLC lifted its stake in James Hardie Industries PLC. (NYSE:JHX) by 840.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 214,417 shares of the construction company’s stock after acquiring an additional 191,606 shares during the period. Corient Private Wealth LLC’s holdings in James Hardie Industries were worth $4,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of James Hardie Industries by 11,238.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after buying an additional 1,461 shares during the period. Modus Advisors LLC bought a new stake in James Hardie Industries during the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC boosted its stake in James Hardie Industries by 3,431.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,544 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in James Hardie Industries in the 4th quarter valued at approximately $41,000. Finally, Hilltop National Bank acquired a new stake in James Hardie Industries in the 4th quarter valued at approximately $47,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

JHX stock opened at $26.67 on Friday. The company has a 50 day moving average price of $22.31 and a 200 day moving average price of $21.99. The stock has a market capitalization of $15.48 billion, a PE ratio of 121.22 and a beta of 1.80. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week 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.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results 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. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. Analysts forecast that James Hardie Industries PLC. will post 1.24 EPS for the current year.

Analyst Ratings Changes

JHX has been the topic of a number of research reports. Zacks Research lowered shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Stephens assumed coverage on shares of James Hardie Industries in a research report on Thursday. They set an “overweight” rating and a $31.00 price objective for the company. Finally, Barclays decreased their target price on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.56.

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.