Clarius Group LLC Sells 1,621 Shares of James Hardie Industries plc (NYSE:JHX)

Clarius Group LLC trimmed its position in James Hardie Industries plc (NYSE:JHX) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the construction company’s stock after selling 1,621 shares during the quarter. Clarius Group LLC’s holdings in James Hardie Industries were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JHX. Point72 Asset Management L.P. bought a new position in shares of James Hardie Industries in the 2nd quarter valued at $12,162,000. Natixis Advisors LLC grew its position in James Hardie Industries by 317.2% in the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after acquiring an additional 131,120 shares during the last quarter. FMR LLC lifted its holdings in shares of James Hardie Industries by 22.5% in the third quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after acquiring an additional 29,401 shares during the last quarter. Creative Planning lifted its holdings in shares of James Hardie Industries by 16.3% in the third quarter. Creative Planning now owns 77,168 shares of the construction company’s stock worth $3,098,000 after acquiring an additional 10,803 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of James Hardie Industries by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock valued at $2,223,000 after purchasing an additional 534 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Trading Down 1.3 %

JHX opened at $33.82 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. James Hardie Industries plc has a fifty-two week low of $29.88 and a fifty-two week high of $43.57. The company’s 50 day moving average price is $33.60 and its two-hundred day moving average price is $34.60. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 3.87 and a beta of 1.80.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $960.80 million for the quarter, compared to analysts’ expectations of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. James Hardie Industries’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, research analysts predict that James Hardie Industries plc will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

JHX has been the subject of several research reports. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com cut James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, Truist Financial assumed coverage on James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, James Hardie Industries presently has an average rating of “Hold” and a consensus price target of $40.25.

James Hardie Industries 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.