ABC Arbitrage SA Purchases Shares of 47,298 James Hardie Industries plc (NYSE:JHX)

ABC Arbitrage SA purchased a new stake in shares of James Hardie Industries plc (NYSE:JHX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 47,298 shares of the construction company’s stock, valued at approximately $1,457,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JHX. Versant Capital Management Inc purchased a new position in shares of James Hardie Industries during the fourth quarter valued at about $25,000. R Squared Ltd purchased a new position in shares of James Hardie Industries during the fourth quarter valued at about $27,000. Huntington National Bank purchased a new position in shares of James Hardie Industries during the third quarter valued at about $55,000. Pinpoint Asset Management Ltd purchased a new position in shares of James Hardie Industries during the third quarter valued at about $64,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of James Hardie Industries during the third quarter valued at about $71,000. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Trading Down 0.5 %

JHX opened at $32.44 on Friday. The firm has a market cap of $13.94 billion, a P/E ratio of 32.11, a P/E/G ratio of 4.92 and a beta of 1.81. 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 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $32.77 and a 200 day moving average of $34.52.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. 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 $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, research analysts forecast that James Hardie Industries plc will post 1.4 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JHX. Truist Financial began coverage on 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. StockNews.com lowered James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.