Creative Planning Purchases 10,803 Shares of James Hardie Industries plc (NYSE:JHX)

Creative Planning raised its position in James Hardie Industries plc (NYSE:JHX) by 16.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,168 shares of the construction company’s stock after buying an additional 10,803 shares during the quarter. Creative Planning’s holdings in James Hardie Industries were worth $3,098,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JHX. Point72 Asset Management L.P. purchased a new position in shares of James Hardie Industries in the second quarter valued at $12,162,000. Jennison Associates LLC grew its position in shares of James Hardie Industries by 186.0% in the first quarter. Jennison Associates LLC now owns 335,239 shares of the construction company’s stock valued at $13,564,000 after purchasing an additional 218,033 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of James Hardie Industries by 39.7% in the first quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock valued at $12,697,000 after purchasing an additional 89,165 shares in the last quarter. Boston Common Asset Management LLC purchased a new position in shares of James Hardie Industries in the second quarter valued at $1,671,000. Finally, Ritholtz Wealth Management purchased a new position in shares of James Hardie Industries in the third quarter valued at $359,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $33.16 on Friday. James Hardie Industries plc has a 52 week low of $24.28 and a 52 week high of $43.57. The business has a 50-day simple moving average of $36.62 and a 200 day simple moving average of $34.69. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.90 and a beta of 1.74.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, August 13th. The construction company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The business had revenue of $991.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that James Hardie Industries plc will post 1.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

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.