Quantbot Technologies LP Takes Position in James Hardie Industries PLC. $JHX

Quantbot Technologies LP acquired a new position in shares of James Hardie Industries PLC. (NYSE:JHX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,581 shares of the construction company’s stock, valued at approximately $1,356,000.

Several other institutional investors have also added to or reduced their stakes in JHX. Jones Financial Companies Lllp boosted its stake in James Hardie Industries by 7.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after purchasing an additional 525 shares during the period. Greenleaf Trust lifted its holdings in shares of James Hardie Industries by 7.1% in the third quarter. Greenleaf Trust now owns 10,645 shares of the construction company’s stock valued at $204,000 after purchasing an additional 703 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of James Hardie Industries by 67.1% in the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after purchasing an additional 1,034 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of James Hardie Industries by 641.2% during the second quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock worth $33,000 after buying an additional 1,058 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of James Hardie Industries by 13.3% during the third quarter. Blue Trust Inc. now owns 10,211 shares of the construction company’s stock worth $196,000 after buying an additional 1,202 shares in the last quarter. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Price Performance

Shares of JHX opened at $22.10 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $23.44 and its 200 day simple moving average is $21.24. James Hardie Industries PLC. has a 1-year low of $16.46 and a 1-year high of $32.69. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 81.85, a PEG ratio of 5.01 and a beta of 1.78.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, research analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 11th. Zacks Research lowered shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Oppenheimer raised their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, November 19th. Barclays lifted their price target on shares of James Hardie Industries from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Finally, Vertical Research upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, November 19th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, James Hardie Industries presently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

James Hardie Industries Company Profile

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.