James Hardie Industries PLC. $JHX Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its position in James Hardie Industries PLC. (NYSE:JHX) by 312.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,114 shares of the construction company’s stock after acquiring an additional 31,896 shares during the period. Bank of Montreal Can’s holdings in James Hardie Industries were worth $1,132,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Citigroup Inc. boosted its holdings in shares of James Hardie Industries by 59,775.3% during the first quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock worth $125,478,000 after purchasing an additional 5,317,017 shares during the last quarter. Wellington Management Group LLP acquired a new stake in James Hardie Industries in the 1st quarter worth about $90,526,000. Goldman Sachs Group Inc. boosted its stake in James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after buying an additional 1,662,743 shares during the last quarter. Millennium Management LLC grew its holdings in James Hardie Industries by 5,001.3% in the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after buying an additional 978,314 shares during the period. Finally, Private Advisory Group LLC acquired a new position in shares of James Hardie Industries during the 1st quarter valued at about $9,345,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $16.73 on Friday. The firm has a fifty day moving average of $20.03 and a 200-day moving average of $23.42. James Hardie Industries PLC. has a 52-week low of $16.46 and a 52-week high of $37.65. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $7.19 billion, a P/E ratio of 21.72, a PEG ratio of 14.34 and a beta of 1.82.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, August 19th. The construction company reported $0.29 earnings per share 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 business had revenue of $899.90 million for the quarter, compared to analyst estimates of $982.60 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue was down 9.3% compared to the same quarter last year. As a group, analysts predict that James Hardie Industries PLC. will post 1.39 EPS for the current year.

Analyst Ratings Changes

JHX has been the topic of several research analyst reports. Robert W. Baird decreased their target price 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. Vertical Research began coverage on shares of James Hardie Industries in a research note on Monday, October 20th. They set a “hold” rating on the stock. Citigroup upgraded shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, November 4th. Jefferies Financial Group started coverage on James Hardie Industries in a report on Friday, August 8th. They set a “buy” rating and a $34.00 price objective for the company. Finally, Macquarie raised James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.91.

About James Hardie Industries

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.