James Hardie Industries PLC. $JHX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in James Hardie Industries PLC. (NYSE:JHX) by 74.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,104 shares of the construction company’s stock after selling 471,002 shares during the quarter. SG Americas Securities LLC’s holdings in James Hardie Industries were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Modus Advisors LLC purchased a new position in shares of James Hardie Industries during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC boosted its stake in shares of James Hardie Industries by 3,431.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after buying an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $40,000 after buying an additional 1,461 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in James Hardie Industries during the fourth quarter worth $41,000. Finally, Hilltop National Bank acquired a new position in James Hardie Industries during the fourth quarter worth $47,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Stephens assumed coverage on shares of James Hardie Industries in a research note on Thursday, June 25th. They set an “overweight” rating and a $31.00 price target on the stock. Finally, Barclays reduced their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.56.

James Hardie Industries Stock Down 1.0%

James Hardie Industries stock opened at $26.15 on Wednesday. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $29.83. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 118.86 and a beta of 1.80. The stock’s fifty day moving average is $22.53 and its two-hundred day moving average is $22.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was up 44.5% on a year-over-year basis. Analysts predict that James Hardie Industries PLC. will post 1.24 EPS for the current fiscal 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.