D. E. Shaw & Co. Inc. Grows Position in James Hardie Industries plc (NYSE:JHX)

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D. E. Shaw & Co. Inc. raised its holdings in James Hardie Industries plc (NYSE:JHX) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,407 shares of the construction company’s stock after acquiring an additional 2,392 shares during the period. D. E. Shaw & Co. Inc.’s holdings in James Hardie Industries were worth $229,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of James Hardie Industries by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock valued at $4,290,000 after acquiring an additional 10,400 shares in the last quarter. Northern Trust Corp raised its holdings in shares of James Hardie Industries by 2.9% in the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock valued at $5,759,000 after acquiring an additional 12,173 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of James Hardie Industries by 5.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,109,284 shares of the construction company’s stock valued at $14,654,000 after acquiring an additional 58,449 shares in the last quarter. 0.66% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on JHX. Royal Bank of Canada began coverage on James Hardie Industries in a report on Thursday, August 29th. They issued an “underperform” rating on the stock. UBS Group raised James Hardie Industries from a “neutral” rating to a “buy” rating in a report on Monday, August 12th. ValuEngine cut James Hardie Industries from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, TheStreet raised James Hardie Industries from a “c+” rating to a “b” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold”.

NYSE:JHX opened at $17.00 on Friday. The stock has a market cap of $7.34 billion, a P/E ratio of 31.30 and a beta of 0.74. The company has a quick ratio of 0.69, a current ratio of 1.18 and a debt-to-equity ratio of 1.38. James Hardie Industries plc has a twelve month low of $10.00 and a twelve month high of $17.14. The business’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $14.04.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $0.20 earnings per share for the quarter. The company had revenue of $656.80 million for the quarter. James Hardie Industries had a return on equity of 24.50% and a net margin of 8.94%.

James Hardie Industries Company Profile

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.

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Institutional Ownership by Quarter for James Hardie Industries (NYSE:JHX)

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