James Hardie Industries PLC. $JHX Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its holdings in James Hardie Industries PLC. (NYSE:JHX) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,126,724 shares of the construction company’s stock after acquiring an additional 119,851 shares during the period. Stephens Investment Management Group LLC’s holdings in James Hardie Industries were worth $44,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JHX. Wellington Management Group LLP increased its holdings in shares of 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. Phoenix Financial Ltd. acquired a new stake in shares of James Hardie Industries during the 3rd quarter worth approximately $105,839,000. Capital World Investors acquired a new stake in shares of James Hardie Industries during the 3rd quarter worth approximately $86,121,000. Alyeska Investment Group L.P. increased its holdings in shares of James Hardie Industries by 100.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock worth $87,055,000 after buying an additional 2,275,762 shares during the last quarter. Finally, Moore Capital Management LP acquired a new stake in shares of James Hardie Industries during the 2nd quarter worth approximately $48,927,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $19.30 on Friday. 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 stock has a market capitalization of $8.30 billion, a P/E ratio of 71.48, a PEG ratio of 4.45 and a beta of 1.79. The company has a 50 day moving average price of $20.29 and a 200 day moving average price of $21.11. James Hardie Industries PLC. has a fifty-two week low of $16.46 and a fifty-two week high of $29.83.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JHX. Truist Financial raised their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research downgraded shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Finally, Barclays cut their price target on shares of James Hardie Industries from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.13.

James Hardie Industries 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.