Cwm LLC Has $110,000 Position in James Hardie Industries plc (NYSE:JHX)

Cwm LLC increased its stake in shares of James Hardie Industries plc (NYSE:JHX) by 55.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,751 shares of the construction company’s stock after buying an additional 983 shares during the quarter. Cwm LLC’s holdings in James Hardie Industries were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JHX. Atlas Capital Advisors LLC acquired a new stake in James Hardie Industries in the first quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC bought a new position in shares of James Hardie Industries in the 1st quarter valued at $71,000. Jennison Associates LLC boosted its holdings in shares of James Hardie Industries by 186.0% during the 1st quarter. Jennison Associates LLC now owns 335,239 shares of the construction company’s stock valued at $13,564,000 after acquiring an additional 218,033 shares in the last quarter. Whittier Trust Co. grew its position in James Hardie Industries by 38.3% during the 1st quarter. Whittier Trust Co. now owns 18,087 shares of the construction company’s stock worth $732,000 after acquiring an additional 5,010 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of James Hardie Industries by 693.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,012 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

James Hardie Industries Stock Performance

JHX opened at $33.16 on Friday. James Hardie Industries plc has a 1-year low of $24.28 and a 1-year high of $43.57. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.90 and a beta of 1.74. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $36.62 and its two-hundred day moving average price is $34.72.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, August 13th. The construction company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $991.90 million during the quarter, compared to analyst estimates of $1.01 billion. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. James Hardie Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, analysts expect that James Hardie Industries plc will post 1.46 EPS for the current fiscal year.

About James Hardie Industries

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.