James Hardie Industries PLC. $JHX Shares Purchased by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC raised its stake in shares of James Hardie Industries PLC. (NYSE:JHX) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 864,120 shares of the construction company’s stock after purchasing an additional 134,322 shares during the period. Aristotle Capital Boston LLC owned 0.20% of James Hardie Industries worth $17,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JHX. Wellington Management Group LLP increased its position in James Hardie Industries by 259.7% during the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after purchasing an additional 36,567,726 shares during the last quarter. Capital World Investors acquired a new position in James Hardie Industries during the third quarter worth approximately $86,121,000. Jacobs Levy Equity Management Inc. acquired a new position in James Hardie Industries during the fourth quarter worth approximately $77,530,000. Renaissance Technologies LLC acquired a new position in James Hardie Industries during the fourth quarter worth approximately $53,641,000. Finally, Alyeska Investment Group L.P. increased its position in James Hardie Industries by 100.9% during the third quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock worth $87,055,000 after purchasing an additional 2,275,762 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analyst Ratings Changes

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

James Hardie Industries Price Performance

James Hardie Industries stock opened at $24.58 on Thursday. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $29.83. The firm has a fifty day moving average of $21.63 and a 200-day moving average of $21.73. The firm has a market capitalization of $14.26 billion, a P/E ratio of 111.71, a PEG ratio of 13.92 and a beta of 1.80. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71.

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

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.