349,531 Shares in James Hardie Industries PLC. $JHX Bought by Capula Management Ltd

Capula Management Ltd acquired a new position in James Hardie Industries PLC. (NYSE:JHX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 349,531 shares of the construction company’s stock, valued at approximately $6,620,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC acquired a new stake in James Hardie Industries in the fourth quarter valued at approximately $1,038,000. Tudor Investment Corp ET AL boosted its holdings in James Hardie Industries by 2,088.7% during the third quarter. Tudor Investment Corp ET AL now owns 350,760 shares of the construction company’s stock worth $6,738,000 after purchasing an additional 334,734 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of James Hardie Industries by 819.2% in the 4th quarter. SG Americas Securities LLC now owns 630,106 shares of the construction company’s stock worth $13,075,000 after buying an additional 561,556 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in James Hardie Industries by 25.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,003,166 shares of the construction company’s stock worth $41,566,000 after purchasing an additional 401,435 shares during the last quarter. Finally, ING Groep NV bought a new position in James Hardie Industries in the 4th quarter valued at $5,244,000. Institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

JHX has been the subject of several research analyst reports. Zacks Research raised James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Barclays lifted their price objective on shares of James Hardie Industries from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Stephens began coverage on shares of James Hardie Industries in a research note on Thursday, June 25th. They set an “overweight” rating and a $31.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

James Hardie Industries Stock Up 4.2%

JHX opened at $25.83 on Friday. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $29.83. The company has a market cap of $14.99 billion, a PE ratio of 117.40 and a beta of 1.77. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $23.97 and a 200 day moving average of $22.67.

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

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.