75,666 Shares in James Hardie Industries PLC. $JHX Bought by Mattson Financial Services LLC

Mattson Financial Services LLC bought a new position in James Hardie Industries PLC. (NYSE:JHX) during the 3rd quarter, Holdings Channel reports. The fund bought 75,666 shares of the construction company’s stock, valued at approximately $1,454,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of James Hardie Industries in the second quarter valued at about $654,000. Tabor Asset Management LP bought a new stake in James Hardie Industries during the 2nd quarter valued at approximately $5,542,000. Millennium Management LLC boosted its stake in James Hardie Industries by 5,001.3% during the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after purchasing an additional 978,314 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in James Hardie Industries in the 1st quarter valued at approximately $439,000. Finally, Eminence Capital LP bought a new position in James Hardie Industries in the 2nd quarter worth approximately $83,249,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Trading Up 0.5%

Shares of JHX stock opened at $21.04 on Monday. The firm has a fifty day moving average of $19.69 and a 200-day moving average of $22.36. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 7.88 and a beta of 1.80. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $34.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.79.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Monday, November 17th. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. James Hardie Industries had a net margin of 4.67% and a return on equity of 18.40%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, equities research analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JHX shares. Raymond James Financial set a $21.00 price objective on James Hardie Industries in a research report on Monday, December 8th. Barclays initiated coverage on shares of James Hardie Industries in a report on Monday, December 8th. They issued an “equal weight” rating and a $21.00 price target for the company. Robert W. Baird dropped their price objective on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Zacks Research lowered shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Oppenheimer lifted their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.93.

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.