Syon Capital LLC Acquires 3,154 Shares of James Hardie Industries plc (NYSE:JHX)

Syon Capital LLC increased its holdings in James Hardie Industries plc (NYSE:JHX) by 40.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,993 shares of the construction company’s stock after purchasing an additional 3,154 shares during the period. Syon Capital LLC’s holdings in James Hardie Industries were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of James Hardie Industries by 3.4% in the 3rd quarter. FMR LLC now owns 119,208 shares of the construction company’s stock worth $3,128,000 after buying an additional 3,934 shares in the last quarter. Jennison Associates LLC acquired a new position in James Hardie Industries during the fourth quarter worth $4,532,000. Acadian Asset Management LLC raised its stake in James Hardie Industries by 754.0% during the third quarter. Acadian Asset Management LLC now owns 116,574 shares of the construction company’s stock worth $3,055,000 after acquiring an additional 102,923 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of James Hardie Industries by 111.1% during the fourth quarter. New York State Common Retirement Fund now owns 63,558 shares of the construction company’s stock valued at $2,458,000 after acquiring an additional 33,457 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of James Hardie Industries by 9.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 36,349 shares of the construction company’s stock valued at $954,000 after purchasing an additional 3,225 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $36.07 on Friday. The business’s fifty day moving average is $38.54 and its two-hundred day moving average is $35.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.46 and a current ratio of 1.89. The firm has a market cap of $15.72 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.64 and a beta of 1.69. James Hardie Industries plc has a 52 week low of $21.88 and a 52 week high of $41.98.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $978.30 million for the quarter, compared to the consensus estimate of $960.23 million. James Hardie Industries had a net margin of 13.93% and a return on equity of 38.75%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Equities research analysts forecast that James Hardie Industries plc will post 1.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JHX shares. Bank of America cut shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price for the company. in a research report on Tuesday, January 23rd. StockNews.com lowered shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th.

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.