Signaturefd LLC Trims Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Signaturefd LLC lowered its holdings in James Hardie Industries plc (NYSE:JHX) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,361 shares of the construction company’s stock after selling 542 shares during the period. Signaturefd LLC’s holdings in James Hardie Industries were worth $658,000 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 JHX. Natixis Advisors LLC boosted its holdings in James Hardie Industries by 317.2% in the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after purchasing an additional 131,120 shares during the last quarter. ABC Arbitrage SA bought a new position in James Hardie Industries during the 4th quarter worth approximately $1,457,000. Raymond James Financial Inc. bought a new position in James Hardie Industries during the 4th quarter worth approximately $1,100,000. FMR LLC lifted its holdings in James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after buying an additional 29,401 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in James Hardie Industries by 67.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock worth $2,051,000 after buying an additional 20,496 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Down 2.3 %

Shares of NYSE JHX opened at $31.35 on Thursday. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $32.56 and its 200 day simple moving average is $34.12.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. Equities research analysts expect that James Hardie Industries plc will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

JHX has been the topic of a number of research analyst reports. Truist Financial initiated coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.