Pinpoint Asset Management Ltd Acquires Shares of 1,603 James Hardie Industries plc (NYSE:JHX)

Pinpoint Asset Management Ltd bought a new position in James Hardie Industries plc (NYSE:JHX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,603 shares of the construction company’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mediolanum International Funds Ltd purchased a new stake in shares of James Hardie Industries during the 3rd quarter worth approximately $2,369,000. Cerity Partners LLC raised its stake in James Hardie Industries by 58.8% during the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock valued at $1,517,000 after purchasing an additional 13,981 shares in the last quarter. Natixis Advisors LLC lifted its position in James Hardie Industries by 317.2% during the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after purchasing an additional 131,120 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in James Hardie Industries by 83.9% during the third quarter. Crossmark Global Holdings Inc. now owns 51,996 shares of the construction company’s stock valued at $2,088,000 after purchasing an additional 23,723 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of James Hardie Industries in the 2nd quarter worth $12,162,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 0.3 %

NYSE JHX opened at $36.59 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $35.47 and a two-hundred day moving average of $34.37. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 4.64 and a beta of 1.77. James Hardie Industries plc has a 52 week low of $29.88 and a 52 week high of $43.57.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. James Hardie Industries’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts predict that James Hardie Industries plc will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on JHX. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

James Hardie Industries Company Profile

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.