James Hardie Industries PLC. $JHX Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 153.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 739,441 shares of the construction company’s stock after purchasing an additional 448,047 shares during the period. Engineers Gate Manager LP’s holdings in James Hardie Industries were worth $19,359,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in James Hardie Industries by 259.7% during the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after buying an additional 36,567,726 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of James Hardie Industries by 22.2% in the 4th quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock valued at $201,071,000 after acquiring an additional 1,758,111 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of James Hardie Industries by 12.3% in the 2nd quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company’s stock valued at $228,758,000 after acquiring an additional 954,317 shares during the last quarter. Hill City Capital LP raised its position in shares of James Hardie Industries by 1.8% during the 2nd quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company’s stock valued at $149,852,000 after acquiring an additional 102,200 shares in the last quarter. Finally, RDST Capital LLC raised its position in shares of James Hardie Industries by 24.0% during the 2nd quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock valued at $105,114,000 after acquiring an additional 776,950 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Stock Down 3.2%

JHX stock opened at $28.91 on Thursday. The firm’s 50-day moving average is $27.96 and its two-hundred day moving average is $23.97. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 115.65, a price-to-earnings-growth ratio of 2.57 and a beta of 1.77. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $31.43. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.

James Hardie Industries (NYSE:JHX) last posted 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. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $0.29 earnings per share. The business’s revenue was up 63.9% on a year-over-year basis. On average, analysts forecast that James Hardie Industries PLC. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JHX shares. Oppenheimer raised their price objective on James Hardie Industries from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Barclays raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $35.00 in a report on Monday, August 10th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a research report on Friday, August 7th. Zacks Research raised shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Raymond James Financial set a $35.00 price objective on shares of James Hardie Industries in a research report on Monday, August 10th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

James Hardie Industries Profile

James Hardie Industries plc is a building materials company specializing in fiber cement and fiber gypsum products. Its products are used in residential and commercial construction, remodeling and repair applications, including exterior siding, trim, soffits, weatherboard, roofing components and interior wall systems.

The company markets products under brands that include Hardie and Fermacell. Its fiber cement materials are designed to provide durability and resistance to fire, moisture, pests and weather, serving applications where alternatives such as wood, vinyl or traditional gypsum may be used.

Founded in Australia in 1888, James Hardie has developed into an international manufacturer and supplier serving customers across North America, Australia and New Zealand, Europe and other markets.