D.A. Davidson & CO. Invests $2.56 Million in James Hardie Industries PLC. $JHX

D.A. Davidson & CO. bought a new stake in James Hardie Industries PLC. (NYSE:JHX) in the 1st quarter, HoldingsChannel.com reports. The firm bought 135,195 shares of the construction company’s stock, valued at approximately $2,561,000.

A number of other hedge funds have also recently modified their holdings of JHX. Northwestern Mutual Wealth Management Co. raised its stake in 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 acquiring an additional 1,461 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in James Hardie Industries in the first quarter valued at $28,000. Modus Advisors LLC purchased a new position in shares of James Hardie Industries during the fourth quarter worth about $31,000. Global Retirement Partners LLC grew its holdings in shares of James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,544 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of James Hardie Industries during the fourth quarter worth about $41,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stephens started coverage on James Hardie Industries in a report on Thursday, June 25th. They issued an “overweight” rating and a $31.00 target price for the company. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Barclays lifted their price target on James Hardie Industries from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $25.01 on Tuesday. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $29.83. The stock has a market capitalization of $14.52 billion, a PE ratio of 113.70 and a beta of 1.77. 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 business has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $22.58.

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

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.