James Hardie Industries plc (NYSE:JHX) Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in James Hardie Industries plc (NYSE:JHX) by 4.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,551 shares of the construction company’s stock after purchasing an additional 359 shares during the quarter. Franklin Resources Inc.’s holdings in James Hardie Industries were worth $315,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in James Hardie Industries in the second quarter worth about $12,162,000. Natixis Advisors LLC raised its position in shares of James Hardie Industries by 317.2% during the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after buying an additional 131,120 shares in the last quarter. FMR LLC lifted its stake in shares of James Hardie Industries by 22.5% in the 3rd 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 period. Creative Planning boosted 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 valued at $3,098,000 after acquiring an additional 10,803 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of James Hardie Industries by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock valued at $2,223,000 after acquiring an additional 534 shares during the period. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Trading Down 0.2 %

James Hardie Industries stock opened at $30.81 on Thursday. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 4.27 and a beta of 1.77. James Hardie Industries plc has a 1 year low of $29.88 and a 1 year high of $43.57. The firm’s 50 day moving average price is $33.78 and its two-hundred day moving average price is $34.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The company had revenue of $960.80 million for the quarter, compared to analyst estimates of $973.49 million. During the same period in the previous year, the firm earned $0.41 earnings per share. James Hardie Industries’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, research analysts predict that James Hardie Industries plc will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JHX. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial assumed coverage on James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, StockNews.com lowered James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, James Hardie Industries has a consensus rating of “Hold” and an average target price of $40.25.

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.