James Investment Research Inc. Cuts Position in James Hardie Industries plc (NYSE:JHX)

James Investment Research Inc. decreased its holdings in James Hardie Industries plc (NYSE:JHX) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,384 shares of the construction company’s stock after selling 1,526 shares during the period. James Investment Research Inc.’s holdings in James Hardie Industries were worth $813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its holdings in James Hardie Industries by 2.6% in the third quarter. Sequoia Financial Advisors LLC now owns 12,494 shares of the construction company’s stock valued at $502,000 after buying an additional 318 shares during the period. Franklin Resources Inc. raised its holdings in James Hardie Industries by 4.4% in the third quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock valued at $315,000 after buying an additional 359 shares during the period. Crossmark Global Holdings Inc. raised its holdings in James Hardie Industries by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock valued at $1,615,000 after buying an additional 420 shares during the period. Rhumbline Advisers raised its stake in shares of James Hardie Industries by 5.2% during the fourth quarter. Rhumbline Advisers now owns 9,695 shares of the construction company’s stock valued at $299,000 after purchasing an additional 482 shares during the period. Finally, Aaron Wealth Advisors LLC raised its stake in shares of James Hardie Industries by 10.3% during the third quarter. Aaron Wealth Advisors LLC now owns 7,892 shares of the construction company’s stock valued at $317,000 after purchasing an additional 739 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 0.5 %

Shares of NYSE:JHX opened at $32.44 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $32.77 and a 200 day simple moving average of $34.51. The firm has a market cap of $13.94 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 4.92 and a beta of 1.81. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57.

Analyst Ratings Changes

A number of analysts have recently issued reports on JHX shares. Truist Financial started coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Finally, StockNews.com lowered shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

James Hardie Industries Company 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.