Jennison Associates LLC Buys New Shares in James Hardie Industries plc (NYSE:JHX)

Jennison Associates LLC purchased a new position in shares of James Hardie Industries plc (NYSE:JHX) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 117,206 shares of the construction company’s stock, valued at approximately $4,532,000.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in James Hardie Industries by 4.9% in the fourth quarter. Signaturefd LLC now owns 19,864 shares of the construction company’s stock worth $768,000 after purchasing an additional 921 shares in the last quarter. Simplicity Solutions LLC lifted its position in shares of James Hardie Industries by 5.4% during the 4th quarter. Simplicity Solutions LLC now owns 12,124 shares of the construction company’s stock valued at $469,000 after acquiring an additional 623 shares during the period. Clarius Group LLC boosted its stake in James Hardie Industries by 61.8% during the fourth quarter. Clarius Group LLC now owns 14,583 shares of the construction company’s stock worth $564,000 after acquiring an additional 5,568 shares in the last quarter. Cerity Partners LLC boosted its stake in James Hardie Industries by 39.8% during the fourth quarter. Cerity Partners LLC now owns 21,023 shares of the construction company’s stock worth $813,000 after acquiring an additional 5,981 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in James Hardie Industries in the fourth quarter worth $223,000. 7.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JHX has been the topic of a number of research analyst reports. Bank of America cut shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective on the stock. in a research report on Tuesday, January 23rd. StockNews.com cut James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th.

James Hardie Industries Stock Up 3.2 %

James Hardie Industries stock opened at $36.07 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $38.54 and its two-hundred day moving average price is $35.05. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.69. James Hardie Industries plc has a 1-year low of $21.88 and a 1-year high of $41.98.

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