Gradient Investments LLC Lowers Stake in James Hardie Industries PLC. $JHX

Gradient Investments LLC lowered its holdings in shares of James Hardie Industries PLC. (NYSE:JHX) by 92.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,736 shares of the construction company’s stock after selling 655,475 shares during the period. Gradient Investments LLC’s holdings in James Hardie Industries were worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of James Hardie Industries by 7.0% during the third quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock valued at $151,000 after purchasing an additional 525 shares during the last quarter. Greenleaf Trust grew its stake in shares of James Hardie Industries by 7.1% in the 3rd quarter. Greenleaf Trust now owns 10,645 shares of the construction company’s stock worth $204,000 after buying an additional 703 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of James Hardie Industries by 67.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after buying an additional 1,034 shares during the last quarter. Blue Trust Inc. increased its position in James Hardie Industries by 13.3% during the 3rd quarter. Blue Trust Inc. now owns 10,211 shares of the construction company’s stock valued at $196,000 after buying an additional 1,202 shares in the last quarter. Finally, MAI Capital Management increased its position in James Hardie Industries by 4,266.7% during the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock valued at $35,000 after buying an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

JHX stock opened at $19.38 on Wednesday. The stock’s 50 day simple moving average is $23.08 and its 200 day simple moving average is $21.15. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. James Hardie Industries PLC. has a 12-month low of $16.46 and a 12-month high of $29.83. The stock has a market capitalization of $8.33 billion, a PE ratio of 71.76, a price-to-earnings-growth ratio of 4.35 and a beta of 1.78.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, February 10th. The construction company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a return on equity of 13.52% and a net margin of 2.70%.During the same period last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, research analysts forecast that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JHX shares. Barclays boosted their target price on James Hardie Industries from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Raymond James Financial set a $21.00 price target on James Hardie Industries in a research report on Monday, December 8th. Truist Financial upped their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Zacks Research downgraded shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, James Hardie Industries has an average rating of “Moderate Buy” and an average price target of $26.71.

James Hardie Industries 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.