Crossmark Global Holdings Inc. Boosts Position in James Hardie Industries plc (NYSE:JHX)

Crossmark Global Holdings Inc. grew its stake in James Hardie Industries plc (NYSE:JHX) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,416 shares of the construction company’s stock after acquiring an additional 420 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in James Hardie Industries were worth $1,615,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in James Hardie Industries in the second quarter valued at $12,162,000. Natixis Advisors LLC boosted its position in shares of James Hardie Industries by 317.2% in the third 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 during the period. Mediolanum International Funds Ltd purchased a new stake in shares of James Hardie Industries in the third quarter worth about $2,369,000. FMR LLC boosted its position 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 buying an additional 29,401 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in James Hardie Industries by 67.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after purchasing an additional 20,496 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JHX. StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Truist Financial began coverage on James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th.

James Hardie Industries Stock Performance

JHX opened at $34.42 on Friday. The firm has a market cap of $14.79 billion, a PE ratio of 34.08, a P/E/G ratio of 4.77 and a beta of 1.80. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $33.66 and a 200-day simple moving average of $34.62. James Hardie Industries plc has a fifty-two week low of $29.88 and a fifty-two week high of $43.57.

James Hardie Industries (NYSE:JHX) last released 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 business had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. As a group, equities analysts predict that James Hardie Industries plc will post 1.47 EPS for the current fiscal year.

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.