James Hardie Industries PLC. $JHX is RDST Capital LLC’s Largest Position

RDST Capital LLC boosted its position in James Hardie Industries PLC. (NYSE:JHX) by 24.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,015,067 shares of the construction company’s stock after buying an additional 776,950 shares during the period. James Hardie Industries accounts for about 8.7% of RDST Capital LLC’s holdings, making the stock its largest holding. RDST Capital LLC’s holdings in James Hardie Industries were worth $105,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JHX. Royal Bank of Canada boosted its position in 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 worth $1,197,000 after purchasing an additional 7,396 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of James Hardie Industries by 160.7% in 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 buying an additional 1,662,743 shares in the last quarter. Jane Street Group LLC increased its position in shares of James Hardie Industries by 222.4% in the first quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after buying an additional 192,478 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of James Hardie Industries by 49.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,603 shares of the construction company’s stock worth $312,000 after buying an additional 3,827 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on JHX. Truist Financial boosted their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Oppenheimer lifted their target price on shares of James Hardie Industries from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Stephens upped their price target on shares of James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Barclays raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $26.00 to $35.00 in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $30.20 on Tuesday. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $31.35. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 120.79, a PEG ratio of 1.91 and a beta of 1.77. The stock has a fifty day moving average of $26.95 and a two-hundred day moving average of $23.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.The business’s revenue was up 63.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. On average, analysts anticipate that James Hardie Industries PLC. will post 1.43 EPS for the current fiscal 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.