Lake Street Advisors Group LLC boosted its holdings in shares of James Hardie Industries plc (NYSE:JHX – Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,500 shares of the construction company’s stock after acquiring an additional 958 shares during the quarter. Lake Street Advisors Group LLC’s holdings in James Hardie Industries were worth $309,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in James Hardie Industries by 4.7% during the second quarter. Quadrant Capital Group LLC now owns 13,595 shares of the construction company’s stock valued at $366,000 after acquiring an additional 605 shares in the last quarter. Clarius Group LLC bought a new position in James Hardie Industries during the second quarter valued at approximately $231,000. Charles Schwab Investment Management Inc. bought a new position in James Hardie Industries during the second quarter valued at approximately $400,000. BNP Paribas Arbitrage SNC raised its position in James Hardie Industries by 327.2% during the second quarter. BNP Paribas Arbitrage SNC now owns 2,217 shares of the construction company’s stock valued at $60,000 after acquiring an additional 1,698 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in James Hardie Industries during the second quarter valued at approximately $273,000. Institutional investors own 1.49% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised shares of James Hardie Industries from an “underperform” rating to a “hold” rating in a research report on Tuesday, August 8th. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
James Hardie Industries Stock Performance
Shares of NYSE:JHX traded up $0.27 during trading on Friday, reaching $32.21. The stock had a trading volume of 194,949 shares, compared to its average volume of 63,911. James Hardie Industries plc has a 52 week low of $17.25 and a 52 week high of $32.49. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 2.16 and a beta of 1.45. The company has a quick ratio of 1.26, a current ratio of 1.70 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $26.96 and a two-hundred day simple moving average of $26.94.
James Hardie Industries (NYSE:JHX – Get Free Report) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. James Hardie Industries had a net margin of 13.16% and a return on equity of 37.62%. The company had revenue of $998.80 million for the quarter, compared to analyst estimates of $976.33 million. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that James Hardie Industries plc will post 1.57 earnings per share for the current fiscal year.
About James Hardie Industries
James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.
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