Sanctuary Advisors LLC Invests $708,000 in James Hardie Industries plc (NYSE:JHX)

Sanctuary Advisors LLC purchased a new stake in James Hardie Industries plc (NYSE:JHX) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 17,641 shares of the construction company’s stock, valued at approximately $708,000.

Several other institutional investors also recently bought and sold shares of JHX. Bank of New York Mellon Corp lifted its position in shares of James Hardie Industries by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 32,630 shares of the construction company’s stock valued at $1,029,000 after acquiring an additional 375 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in James Hardie Industries by 155.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,475 shares of the construction company’s stock valued at $141,000 after purchasing an additional 2,726 shares during the last quarter. Whittier Trust Co. lifted its holdings in James Hardie Industries by 12.4% in the 2nd quarter. Whittier Trust Co. now owns 20,328 shares of the construction company’s stock valued at $641,000 after purchasing an additional 2,241 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in James Hardie Industries by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,828 shares of the construction company’s stock worth $89,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of James Hardie Industries by 7.6% during the second quarter. Rhumbline Advisers now owns 8,908 shares of the construction company’s stock worth $281,000 after buying an additional 626 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JHX. Truist Financial initiated coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target on the stock. 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. Finally, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

James Hardie Industries Trading Down 0.3 %

Shares of JHX opened at $31.57 on Tuesday. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57. The firm has a market capitalization of $13.56 billion, a P/E ratio of 31.26, a P/E/G ratio of 4.35 and a beta of 1.77. The firm has a 50-day moving average price of $34.39 and a 200 day moving average price of $34.60. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $960.80 million during 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%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. Sell-side analysts forecast that James Hardie Industries plc will post 1.47 EPS for the current year.

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.