James Hardie Industries plc (NYSE:JHX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of James Hardie Industries plc (NYSE:JHX) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 121,627 shares of the construction company’s stock after selling 14,200 shares during the quarter. Renaissance Technologies LLC’s holdings in James Hardie Industries were worth $3,836,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of James Hardie Industries by 1.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,002,215 shares of the construction company’s stock valued at $38,756,000 after acquiring an additional 11,235 shares during the last quarter. Jennison Associates LLC increased its position in James Hardie Industries by 186.0% during the first quarter. Jennison Associates LLC now owns 335,239 shares of the construction company’s stock worth $13,564,000 after purchasing an additional 218,033 shares during the last quarter. Acadian Asset Management LLC raised its stake in James Hardie Industries by 39.7% during the first quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock worth $12,697,000 after purchasing an additional 89,165 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of James Hardie Industries by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock valued at $2,223,000 after purchasing an additional 534 shares during the last quarter. Finally, Boston Common Asset Management LLC purchased a new stake in shares of James Hardie Industries during the 2nd quarter valued at $1,671,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Stock Up 2.4 %

Shares of NYSE:JHX opened at $39.46 on Friday. The stock has a 50-day simple moving average of $35.64 and a 200-day simple moving average of $35.15. The stock has a market capitalization of $17.12 billion, a P/E ratio of 34.02, a PEG ratio of 4.32 and a beta of 1.74. James Hardie Industries plc has a 1 year low of $24.28 and a 1 year high of $43.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.94.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%. The company had revenue of $991.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. James Hardie Industries’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts forecast that James Hardie Industries plc will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

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.