James Hardie Industries PLC. $JHX Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC decreased its holdings in James Hardie Industries PLC. (NYSE:JHX) by 24.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,127 shares of the construction company’s stock after selling 22,500 shares during the period. James Hardie Industries makes up approximately 0.2% of Ionic Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Ionic Capital Management LLC’s holdings in James Hardie Industries were worth $1,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JHX. Royal Bank of Canada raised its holdings in James Hardie Industries by 17.0% in the 1st quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock valued at $1,197,000 after acquiring an additional 7,396 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock valued at $63,557,000 after acquiring an additional 1,662,743 shares during the last quarter. Jane Street Group LLC raised its holdings in James Hardie Industries by 222.4% in the 1st quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after acquiring an additional 192,478 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in James Hardie Industries by 49.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,603 shares of the construction company’s stock valued at $312,000 after acquiring an additional 3,827 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after acquiring an additional 1,461 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $24.58 on Thursday. The firm has a 50 day simple moving average of $21.63 and a 200-day simple moving average of $21.73. James Hardie Industries PLC. has a 1-year low of $16.46 and a 1-year high of $29.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 111.71, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, analysts expect that James Hardie Industries PLC. will post 1.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JHX. Barclays cut their price objective on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Zacks Research downgraded shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

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.