James Hardie Industries plc (NYSE:JHX) Short Interest Update

James Hardie Industries plc (NYSE:JHX) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 9,800 shares, a drop of 94.2% from the December 31st total of 170,100 shares. Based on an average trading volume of 90,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On James Hardie Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new position in James Hardie Industries in the 4th quarter valued at about $25,000. R Squared Ltd purchased a new position in shares of James Hardie Industries during the 4th quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of James Hardie Industries by 46.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after acquiring an additional 432 shares during the period. Huntington National Bank purchased a new position in shares of James Hardie Industries during the 3rd quarter worth about $55,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of James Hardie Industries during the 3rd quarter worth about $64,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JHX has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Truist Financial started coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target for the company. Finally, StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th.

James Hardie Industries Price Performance

Shares of NYSE:JHX traded down $1.18 on Tuesday, reaching $33.36. 98,983 shares of the company were exchanged, compared to its average volume of 122,140. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries has a 1-year low of $29.88 and a 1-year high of $43.57. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 4.70 and a beta of 1.80. The company has a 50-day moving average of $33.59 and a 200-day moving average of $34.70.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The business had revenue of $960.80 million for the quarter, compared to analyst estimates of $973.49 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts forecast that James Hardie Industries will post 1.47 earnings per share for the current fiscal year.

James Hardie Industries Company Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.