Alpine Woods Capital Investors LLC Has $2.32 Million Stock Holdings in James Hardie Industries PLC. $JHX

Alpine Woods Capital Investors LLC lifted its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 26.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 86,240 shares of the construction company’s stock after buying an additional 18,144 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in James Hardie Industries were worth $2,319,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its stake in shares of James Hardie Industries by 70.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock worth $30,000 after buying an additional 455 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of James Hardie Industries during the 1st quarter worth about $57,000. Hilltop National Bank acquired a new stake in shares of James Hardie Industries during the 2nd quarter worth about $68,000. Smartleaf Asset Management LLC lifted its stake in shares of James Hardie Industries by 12.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company’s stock worth $89,000 after buying an additional 397 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of James Hardie Industries by 49.0% during the 1st quarter. Russell Investments Group Ltd. now owns 7,776 shares of the construction company’s stock worth $183,000 after buying an additional 2,556 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Price Performance

JHX stock opened at $21.47 on Tuesday. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. James Hardie Industries PLC. has a 12 month low of $17.85 and a 12 month high of $37.77. The firm has a market cap of $9.23 billion, a P/E ratio of 27.88, a P/E/G ratio of 14.02 and a beta of 1.79. The company’s 50-day moving average price is $21.80 and its two-hundred day moving average price is $23.82.

James Hardie Industries (NYSE:JHX) last released its earnings results on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The firm had revenue of $899.90 million during the quarter, compared to the consensus estimate of $982.60 million. During the same period in the prior year, the business earned $0.41 earnings per share. James Hardie Industries’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research began coverage on shares of James Hardie Industries in a research note on Tuesday, September 30th. They set an “outperform” rating and a $25.00 target price for the company. Truist Financial raised their price target on shares of James Hardie Industries from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating on shares of James Hardie Industries in a research report on Thursday, August 21st. Robert W. Baird lowered their price target on shares of James Hardie Industries from $32.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 20th. Finally, William Blair began coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.39.

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.