Natixis Advisors LLC Increases Holdings in James Hardie Industries plc (NYSE:JHX)

Natixis Advisors LLC raised its stake in shares of James Hardie Industries plc (NYSE:JHX) by 10.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 190,243 shares of the construction company’s stock after buying an additional 17,783 shares during the quarter. Natixis Advisors LLC’s holdings in James Hardie Industries were worth $5,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Aviso Financial Inc. raised its stake in James Hardie Industries by 69.3% during the 4th quarter. Aviso Financial Inc. now owns 3,983 shares of the construction company’s stock valued at $123,000 after buying an additional 1,631 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of James Hardie Industries by 8.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,838 shares of the construction company’s stock valued at $211,000 after acquiring an additional 522 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of James Hardie Industries by 5.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,968 shares of the construction company’s stock valued at $307,000 after acquiring an additional 548 shares during the period. Callan Family Office LLC bought a new stake in shares of James Hardie Industries during the 4th quarter valued at $280,000. Finally, Raymond James Financial Inc. bought a new stake in shares of James Hardie Industries during the 4th quarter valued at $1,100,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JHX. Truist Financial began 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. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, James Hardie Industries currently has a consensus rating of “Buy” and an average price target of $45.00.

James Hardie Industries Trading Up 1.6 %

Shares of James Hardie Industries stock opened at $29.29 on Friday. The company has a market capitalization of $12.59 billion, a P/E ratio of 29.00, a P/E/G ratio of 6.16 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18. The company has a fifty day moving average of $32.48 and a 200 day moving average of $34.03. James Hardie Industries plc has a fifty-two week low of $28.77 and a fifty-two week high of $43.57.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, sell-side analysts anticipate that James Hardie Industries plc will post 1.39 earnings per share 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.