Russell Investments Group Ltd. Increases Position in James Hardie Industries plc (NYSE:JHX)

Russell Investments Group Ltd. raised its position in James Hardie Industries plc (NYSE:JHX – Get Rating) by 41.1% during the fourth quarter, Holdings Channel reports. The firm owned 90,503 shares of the construction company’s stock after buying an additional 26,378 shares during the quarter. Russell Investments Group Ltd.’s holdings in James Hardie Industries were worth $1,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JHX. Ronald Blue Trust Inc. grew its stake in shares of James Hardie Industries by 351.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,899 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,478 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of James Hardie Industries by 880.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock worth $59,000 after acquiring an additional 1,760 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of James Hardie Industries by 150.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock worth $74,000 after acquiring an additional 1,486 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of James Hardie Industries by 28.0% during the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock worth $88,000 after purchasing an additional 640 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of James Hardie Industries by 22.8% during the first quarter. Captrust Financial Advisors now owns 3,909 shares of the construction company’s stock worth $118,000 after purchasing an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 1.24% of the company’s stock.

James Hardie Industries Stock Performance

NYSE JHX opened at $24.66 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.54 and a quick ratio of 1.05. James Hardie Industries plc has a 1 year low of $17.25 and a 1 year high of $26.31. The company has a market capitalization of $10.90 billion, a PE ratio of 21.44, a P/E/G ratio of 4.72 and a beta of 1.40. The company has a fifty day moving average of $22.28 and a two-hundred day moving average of $21.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JHX. StockNews.com began coverage on shares of James Hardie Industries in a research note on Thursday, May 18th. They set a “buy” rating for the company. TheStreet upgraded shares of James Hardie Industries from a “c+” rating to a “b-” rating in a research note on Thursday, February 9th. CLSA downgraded shares of James Hardie Industries from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 15th. Finally, The Goldman Sachs Group began coverage on shares of James Hardie Industries in a research note on Wednesday, February 1st. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, James Hardie Industries has a consensus rating of “Hold” and an average target price of $29.80.

James Hardie Industries Company Profile

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James Hardie Industries Plc engages in the manufacture of fiber cement siding and backer board. It operates through the following segments: North America Fiber Cement, Asia Pacific Fiber Cement, Europe Building Products, and Research & Development. The North America Fiber Cement segment manufactures fiber cement interior linings, exterior siding products and related accessories in the United States.