Quantbot Technologies LP Has $1.40 Million Stake in James Hardie Industries PLC. $JHX

Quantbot Technologies LP lowered its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 34.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 53,578 shares of the construction company’s stock after selling 27,892 shares during the quarter. Quantbot Technologies LP’s holdings in James Hardie Industries were worth $1,403,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of James Hardie Industries in the 1st quarter valued at about $28,000. Modus Advisors LLC bought a new position in James Hardie Industries during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC grew its holdings in James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,544 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in James Hardie Industries by 11,238.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,461 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in James Hardie Industries in the fourth quarter valued at approximately $41,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Price Performance

Shares of JHX opened at $30.38 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59. The stock has a 50 day simple moving average of $27.05 and a 200 day simple moving average of $23.60. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $31.35. The firm has a market capitalization of $17.63 billion, a PE ratio of 121.52, a P/E/G ratio of 2.60 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.James Hardie Industries’s revenue for the quarter was up 63.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. Sell-side analysts predict that James Hardie Industries PLC. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JHX has been the topic of several analyst reports. Stephens increased their target price on shares of James Hardie Industries from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a report on Friday, August 7th. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Raymond James Financial set a $35.00 price objective on shares of James Hardie Industries in a research report on Monday, August 10th. Finally, Oppenheimer raised their price objective on James Hardie Industries from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, James Hardie Industries has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

About James Hardie Industries

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.