Tidal Investments LLC Acquires New Holdings in James Hardie Industries PLC. $JHX

Tidal Investments LLC bought a new stake in shares of James Hardie Industries PLC. (NYSE:JHX) in the second quarter, Holdings Channel.com reports. The firm bought 45,188 shares of the construction company’s stock, valued at approximately $1,183,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of James Hardie Industries in the first quarter valued at approximately $28,000. Modus Advisors LLC acquired a new position in shares of James Hardie Industries during the fourth quarter worth approximately $31,000. MidFirst Bank acquired a new position in shares of James Hardie Industries during the fourth quarter worth approximately $65,000. Parallel Advisors LLC boosted its position in shares of James Hardie Industries by 46.5% during the first quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock worth $86,000 after buying an additional 1,439 shares during the period. Finally, Blue Trust Inc. grew its holdings in James Hardie Industries by 14.7% in the 1st quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock worth $130,000 after buying an additional 884 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

NYSE JHX opened at $25.88 on Friday. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $31.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The firm has a market capitalization of $15.02 billion, a PE ratio of 103.51, a P/E/G ratio of 2.14 and a beta of 1.77. The company’s 50 day simple moving average is $28.25 and its 200 day simple moving average is $24.10.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.47 billion for 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%.The firm’s quarterly revenue was up 63.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, equities research analysts forecast that James Hardie Industries PLC. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

JHX has been the topic of several analyst reports. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Stephens increased their price target on James Hardie Industries from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Barclays raised James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday, August 10th. Robert W. Baird set a $34.00 price objective on shares of James Hardie Industries in a research note on Friday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of James Hardie Industries in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.78.

James Hardie Industries Profile

James Hardie Industries plc is a building materials company specializing in fiber cement and fiber gypsum products. Its products are used in residential and commercial construction, remodeling and repair applications, including exterior siding, trim, soffits, weatherboard, roofing components and interior wall systems.

The company markets products under brands that include Hardie and Fermacell. Its fiber cement materials are designed to provide durability and resistance to fire, moisture, pests and weather, serving applications where alternatives such as wood, vinyl or traditional gypsum may be used.

Founded in Australia in 1888, James Hardie has developed into an international manufacturer and supplier serving customers across North America, Australia and New Zealand, Europe and other markets.