102,000 Shares in James Hardie Industries PLC. $JHX Acquired by ArchPoint Investors

ArchPoint Investors acquired a new position in James Hardie Industries PLC. (NYSE:JHX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,000 shares of the construction company’s stock, valued at approximately $2,116,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after buying an additional 1,461 shares during the last quarter. Modus Advisors LLC acquired a new position in James Hardie Industries in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC increased its holdings in James Hardie Industries by 3,431.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after buying an additional 1,544 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in James Hardie Industries in the fourth quarter worth approximately $41,000. Finally, Hilltop National Bank acquired a new position in James Hardie Industries in the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Trading Up 1.1%

Shares of JHX stock opened at $24.15 on Friday. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $29.83. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $21.25 and its two-hundred day moving average is $21.59. The company has a market cap of $14.02 billion, a PE ratio of 109.79, a price-to-earnings-growth ratio of 13.10 and a beta of 1.80.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Wednesday, May 20th. The construction company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 44.5% compared to the same quarter last year. Equities analysts predict that James Hardie Industries PLC. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JHX. Barclays dropped their price objective on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Zacks Research downgraded James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

About James Hardie Industries

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.