FCA Corp TX Sells 6,500 Shares of James Hardie Industries plc (NYSE:JHX)

FCA Corp TX lessened its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,000 shares of the construction company’s stock after selling 6,500 shares during the quarter. FCA Corp TX’s holdings in James Hardie Industries were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC boosted its position in James Hardie Industries by 45.3% during the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after purchasing an additional 303 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in James Hardie Industries by 83.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,564 shares of the construction company’s stock worth $202,000 after purchasing an additional 2,985 shares during the period. Whittier Trust Co. boosted its position in James Hardie Industries by 31.6% during the fourth quarter. Whittier Trust Co. now owns 28,822 shares of the construction company’s stock worth $888,000 after purchasing an additional 6,918 shares during the period. Natixis Advisors LLC boosted its position in James Hardie Industries by 10.3% during the fourth quarter. Natixis Advisors LLC now owns 190,243 shares of the construction company’s stock worth $5,861,000 after purchasing an additional 17,783 shares during the period. Finally, Aviso Financial Inc. boosted its position in James Hardie Industries by 69.3% during the fourth quarter. Aviso Financial Inc. now owns 3,983 shares of the construction company’s stock worth $123,000 after purchasing an additional 1,631 shares during the period. Institutional investors own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JHX. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday. Truist Financial began coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $45.00.

James Hardie Industries Trading Up 1.6 %

Shares of James Hardie Industries stock opened at $29.29 on Friday. James Hardie Industries plc has a 1 year low of $28.77 and a 1 year high of $43.57. The firm has a market cap of $12.59 billion, a PE ratio of 29.00, a PEG ratio of 6.16 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The company has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $34.01.

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

James Hardie Industries 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.