Charles Schwab Investment Management Inc. Raises Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Charles Schwab Investment Management Inc. boosted its holdings in James Hardie Industries plc (NYSE:JHX) by 67.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,074 shares of the construction company’s stock after purchasing an additional 20,496 shares during the period. Charles Schwab Investment Management Inc.’s holdings in James Hardie Industries were worth $2,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mediolanum International Funds Ltd acquired a new stake in shares of James Hardie Industries during the 3rd quarter worth approximately $2,369,000. Natixis Advisors LLC raised its position in shares of James Hardie Industries by 317.2% during the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after purchasing an additional 131,120 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of James Hardie Industries by 83.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,996 shares of the construction company’s stock worth $2,088,000 after purchasing an additional 23,723 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of James Hardie Industries during the 2nd quarter worth approximately $12,162,000. Finally, Blue Trust Inc. raised its position in shares of James Hardie Industries by 55.7% during the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 0.8 %

JHX stock opened at $33.94 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The business’s 50-day simple moving average is $34.87 and its 200 day simple moving average is $34.55. The company has a market cap of $14.58 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 4.35 and a beta of 1.77. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $973.49 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. James Hardie Industries’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that James Hardie Industries plc will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Monday, December 9th. Truist Financial began coverage on James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.25.

James Hardie Industries Company Profile

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.