Segall Bryant & Hamill LLC Raises Stake in James Hardie Industries PLC. $JHX

Segall Bryant & Hamill LLC increased its position in James Hardie Industries PLC. (NYSE:JHX) by 19.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 420,152 shares of the construction company’s stock after acquiring an additional 69,449 shares during the period. Segall Bryant & Hamill LLC’s holdings in James Hardie Industries were worth $7,958,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in James Hardie Industries by 259.7% in the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after acquiring an additional 36,567,726 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of James Hardie Industries during the 4th quarter worth $77,530,000. RDST Capital LLC purchased a new position in shares of James Hardie Industries during the 4th quarter worth $55,893,000. Renaissance Technologies LLC acquired a new stake in shares of James Hardie Industries during the fourth quarter worth $53,641,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of 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.

James Hardie Industries Stock Performance

Shares of NYSE:JHX opened at $26.32 on Monday. The business has a 50-day moving average of $24.76 and a two-hundred day moving average of $22.87. The firm has a market capitalization of $15.27 billion, a PE ratio of 119.63 and a beta of 1.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. James Hardie Industries PLC. has a 12 month low of $16.46 and a 12 month high of $29.83.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $0.36 EPS. The company’s revenue was up 44.5% compared to the same quarter last year. As a group, research analysts forecast that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

JHX has been the subject of several analyst reports. Barclays reiterated a “positive” rating on shares of James Hardie Industries in a research note on Friday, July 24th. Oppenheimer upped their price objective on shares of James Hardie Industries from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens increased their price objective on shares of James Hardie Industries from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Zacks Research raised shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

James Hardie Industries Profile

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.