Aviso Financial Inc. Grows Stake in James Hardie Industries plc (NYSE:JHX)

Aviso Financial Inc. boosted its position in shares of James Hardie Industries plc (NYSE:JHXFree Report) by 69.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,983 shares of the construction company’s stock after acquiring an additional 1,631 shares during the quarter. Aviso Financial Inc.’s holdings in James Hardie Industries were worth $123,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JHX. Franklin Resources Inc. raised its holdings in James Hardie Industries by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after purchasing an additional 359 shares during the period. Crossmark Global Holdings Inc. increased its position in James Hardie Industries by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after buying an additional 420 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of James Hardie Industries by 2.5% in the fourth quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock worth $616,000 after buying an additional 433 shares during the period. Rhumbline Advisers lifted its position in shares of James Hardie Industries by 5.2% during the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company’s stock valued at $299,000 after buying an additional 482 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its position in shares of James Hardie Industries by 7.6% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,017 shares of the construction company’s stock valued at $216,000 after buying an additional 494 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

JHX has been the subject of several analyst reports. Truist Financial assumed 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 for the company. StockNews.com cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, James Hardie Industries currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Read Our Latest Report on James Hardie Industries

James Hardie Industries Stock Up 3.5 %

Shares of JHX opened at $32.01 on Friday. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.76 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. The business’s 50 day moving average is $32.50 and its 200 day moving average is $34.25.

James Hardie Industries (NYSE:JHXGet Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. Research analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

James Hardie Industries Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for James Hardie Industries (NYSE:JHX)

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