James Hardie Industries PLC. $JHX Shares Bought by RDST Capital LLC

RDST Capital LLC lifted its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 20.2% during the 1st quarter, HoldingsChannel reports. The fund owned 3,238,117 shares of the construction company’s stock after acquiring an additional 544,500 shares during the period. James Hardie Industries accounts for 5.9% of RDST Capital LLC’s portfolio, making the stock its 7th largest position. RDST Capital LLC’s holdings in James Hardie Industries were worth $61,330,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JHX. Gilliland Jeter Wealth Management LLC purchased a new stake in James Hardie Industries in the fourth quarter valued at approximately $1,038,000. Tudor Investment Corp ET AL raised its stake in James Hardie Industries by 2,088.7% during the third quarter. Tudor Investment Corp ET AL now owns 350,760 shares of the construction company’s stock worth $6,738,000 after purchasing an additional 334,734 shares during the period. TimesSquare Capital Management LLC raised its stake in James Hardie Industries by 25.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,003,166 shares of the construction company’s stock worth $41,566,000 after purchasing an additional 401,435 shares during the period. ING Groep NV acquired a new position in shares of James Hardie Industries in the 4th quarter valued at $5,244,000. Finally, Calamos Advisors LLC boosted its holdings in shares of James Hardie Industries by 26.4% in the 1st quarter. Calamos Advisors LLC now owns 993,270 shares of the construction company’s stock valued at $18,813,000 after purchasing an additional 207,567 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Stock Up 0.8%

JHX opened at $26.87 on Wednesday. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $29.83. The firm has a 50 day moving average price of $24.42 and a 200 day moving average price of $22.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58. The company has a market cap of $15.59 billion, a PE ratio of 122.13 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last announced 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. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $0.36 earnings per share. James Hardie Industries’s revenue was up 44.5% compared to the same quarter last year. Sell-side analysts expect that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JHX. Stephens boosted their price objective on shares of James Hardie Industries from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays reiterated a “positive” rating on shares of James Hardie Industries in a report on Friday. Finally, Zacks Research raised James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.33.

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.