Wilmington Savings Fund Society FSB Takes Position in James Hardie Industries plc (NYSE:JHX)

Wilmington Savings Fund Society FSB bought a new position in shares of James Hardie Industries plc (NYSE:JHX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,758 shares of the construction company’s stock, valued at approximately $71,000.

Other large investors have also bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of James Hardie Industries in the second quarter valued at about $12,162,000. Natixis Advisors LLC increased its position in James Hardie Industries by 317.2% during the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after purchasing an additional 131,120 shares during the period. FMR LLC raised its holdings in James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after purchasing an additional 29,401 shares during the last quarter. Creative Planning lifted its position in shares of James Hardie Industries by 16.3% in the 3rd quarter. Creative Planning now owns 77,168 shares of the construction company’s stock worth $3,098,000 after purchasing an additional 10,803 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of James Hardie Industries by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock worth $2,223,000 after purchasing an additional 534 shares during the period. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Stock Up 0.7 %

James Hardie Industries stock opened at $31.68 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $13.61 billion, a PE ratio of 31.37, a PEG ratio of 4.35 and a beta of 1.77. The firm’s fifty day moving average is $34.57 and its 200 day moving average is $34.55. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JHX. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial assumed coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target for the company. Finally, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

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.