James Hardie Industries plc (NYSE:JHX) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of James Hardie Industries plc (NYSE:JHX) by 49.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,576 shares of the construction company’s stock after purchasing an additional 19,268 shares during the period. Quantinno Capital Management LP’s holdings in James Hardie Industries were worth $2,352,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JHX. Blue Trust Inc. raised its position in shares of James Hardie Industries by 55.7% during the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after purchasing an additional 374 shares during the last quarter. GAMMA Investing LLC grew its stake in James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after acquiring an additional 432 shares during the period. Huntington National Bank purchased a new stake in James Hardie Industries in the 3rd quarter worth approximately $55,000. Pinpoint Asset Management Ltd purchased a new stake in James Hardie Industries in the 3rd quarter worth approximately $64,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in James Hardie Industries in the 2nd quarter worth approximately $66,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Stock Performance

Shares of James Hardie Industries stock opened at $34.79 on Wednesday. The firm has a market cap of $14.94 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 4.45 and a beta of 1.77. The firm’s 50-day simple moving average is $35.10 and its 200-day simple moving average is $34.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. James Hardie Industries plc has a 1 year low of $29.88 and a 1 year high of $43.57.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $960.80 million for the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. Equities analysts forecast that James Hardie Industries plc will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial started coverage on shares of James Hardie Industries in a research report on Tuesday. They set a “buy” rating and a $45.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.25.

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.