Callan Family Office LLC Buys Shares of 9,078 James Hardie Industries plc (NYSE:JHX)

Callan Family Office LLC bought a new stake in shares of James Hardie Industries plc (NYSE:JHX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,078 shares of the construction company’s stock, valued at approximately $280,000.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in James Hardie Industries during the 4th quarter valued at about $1,100,000. Verdence Capital Advisors LLC increased its stake in James Hardie Industries by 52.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 14,381 shares of the construction company’s stock valued at $443,000 after buying an additional 4,946 shares during the period. M&T Bank Corp increased its stake in James Hardie Industries by 21.0% during the 4th quarter. M&T Bank Corp now owns 8,842 shares of the construction company’s stock valued at $273,000 after buying an additional 1,534 shares during the period. Schechter Investment Advisors LLC grew its stake in shares of James Hardie Industries by 7.6% in the 4th quarter. Schechter Investment Advisors LLC now owns 7,017 shares of the construction company’s stock worth $216,000 after purchasing an additional 494 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of James Hardie Industries by 15.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,965 shares of the construction company’s stock worth $153,000 after purchasing an additional 662 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial began coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

James Hardie Industries Stock Performance

Shares of JHX opened at $31.78 on Tuesday. The company’s 50 day moving average price is $32.45 and its 200 day moving average price is $34.35. James Hardie Industries plc has a 52 week low of $29.88 and a 52 week high of $43.57. The company has a market capitalization of $13.66 billion, a PE ratio of 31.47, a PEG ratio of 6.16 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The firm had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. Research analysts expect that James Hardie Industries plc will post 1.39 EPS 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.