James Hardie Industries PLC. $JHX Shares Bought by Interval Partners LP

Interval Partners LP lifted its holdings in James Hardie Industries PLC. (NYSE:JHX) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,601,363 shares of the construction company’s stock after acquiring an additional 199,421 shares during the period. Interval Partners LP owned approximately 0.37% of James Hardie Industries worth $33,228,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Invenomic Capital Management LP increased its position in shares of James Hardie Industries by 72.5% in the fourth quarter. Invenomic Capital Management LP now owns 420,705 shares of the construction company’s stock worth $8,730,000 after acquiring an additional 176,776 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of James Hardie Industries by 45.2% in the fourth quarter. Engineers Gate Manager LP now owns 817,692 shares of the construction company’s stock worth $16,967,000 after acquiring an additional 254,354 shares in the last quarter. Clearline Capital LP increased its position in shares of James Hardie Industries by 28.2% in the fourth quarter. Clearline Capital LP now owns 867,262 shares of the construction company’s stock worth $17,996,000 after acquiring an additional 190,860 shares in the last quarter. Aristotle Capital Boston LLC increased its position in shares of James Hardie Industries by 18.4% in the fourth quarter. Aristotle Capital Boston LLC now owns 864,120 shares of the construction company’s stock worth $17,930,000 after acquiring an additional 134,322 shares in the last quarter. Finally, Beaconlight Capital LLC acquired a new stake in shares of James Hardie Industries in the fourth quarter worth $2,420,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Zacks Research lowered shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.00.

James Hardie Industries Price Performance

JHX opened at $24.58 on Thursday. The company has a fifty day simple moving average of $21.63 and a 200 day simple moving average of $21.73. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 111.71, a PEG ratio of 13.92 and a beta of 1.80. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $29.83. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The business’s revenue was up 44.5% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. Equities research analysts expect that James Hardie Industries PLC. will post 1.24 EPS for the current fiscal year.

About James Hardie Industries

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.