JPMorgan Chase & Co. Has $495,000 Position in James Hardie Industries plc (NYSE:JHX)

JPMorgan Chase & Co. lifted its holdings in James Hardie Industries plc (NYSE:JHXFree Report) by 156.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,327 shares of the construction company’s stock after acquiring an additional 7,526 shares during the quarter. JPMorgan Chase & Co.’s holdings in James Hardie Industries were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JHX. GAMMA Investing LLC grew its position in James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after purchasing an additional 432 shares in the last quarter. Huntington National Bank bought a new stake in James Hardie Industries during the third quarter valued at about $55,000. Pinpoint Asset Management Ltd bought a new position in James Hardie Industries during the third quarter worth $64,000. Cubist Systematic Strategies LLC acquired a new position in James Hardie Industries during the 2nd quarter valued at $66,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in James Hardie Industries in the 3rd quarter valued at $71,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial initiated coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective for the company. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com cut James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th.

Read Our Latest Report on James Hardie Industries

James Hardie Industries Stock Performance

NYSE JHX opened at $33.36 on Wednesday. The stock has a market cap of $14.34 billion, a P/E ratio of 33.03, a PEG ratio of 4.70 and a beta of 1.80. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57. The company’s 50-day simple moving average is $33.54 and its 200 day simple moving average is $34.70.

James Hardie Industries (NYSE:JHXGet Free Report) last issued its earnings results on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $960.80 million for the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, research analysts forecast that James Hardie Industries plc will post 1.47 earnings per share for the current fiscal year.

About James Hardie Industries

(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.

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

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