SPX Gestao de Recursos Ltda Purchases New Holdings in James Hardie Industries PLC. $JHX

SPX Gestao de Recursos Ltda acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX) during the 3rd quarter, Holdings Channel reports. The firm acquired 101,600 shares of the construction company’s stock, valued at approximately $1,952,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its position in shares of James Hardie Industries by 17.0% during the first quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock worth $1,197,000 after buying an additional 7,396 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of James Hardie Industries by 160.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after buying an additional 1,662,743 shares during the last quarter. Jane Street Group LLC raised its holdings in James Hardie Industries by 222.4% in the first quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after acquiring an additional 192,478 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in James Hardie Industries by 641.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,058 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in James Hardie Industries by 312.2% during the 2nd quarter. Bank of Montreal Can now owns 42,114 shares of the construction company’s stock valued at $1,132,000 after acquiring an additional 31,896 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JHX has been the subject of a number of research reports. Oppenheimer lifted their price target on James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 19th. Vertical Research upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, November 19th. Zacks Research lowered shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. 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 research note on Wednesday, November 19th. Finally, Raymond James Financial set a $21.00 target price on shares of James Hardie Industries in a report on Monday, December 8th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

James Hardie Industries Stock Performance

Shares of JHX opened at $21.17 on Friday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $32.69. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 78.40, a price-to-earnings-growth ratio of 4.93 and a beta of 1.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.54. The firm has a fifty day moving average of $23.44 and a 200-day moving average of $21.18.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. As a group, equities analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

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.