Walleye Capital LLC Grows Stock Position in James Hardie Industries PLC. $JHX

Walleye Capital LLC grew its holdings in James Hardie Industries PLC. (NYSE:JHX) by 2,054.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,149,918 shares of the construction company’s stock after acquiring an additional 1,096,544 shares during the period. Walleye Capital LLC owned 0.27% of James Hardie Industries worth $30,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in James Hardie Industries by 241.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,718,075 shares of the construction company’s stock valued at $341,989,000 after purchasing an additional 8,988,938 shares during the period. Citigroup Inc. raised its position in shares of James Hardie Industries by 59,775.3% during the first quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock valued at $125,478,000 after buying an additional 5,317,017 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of James Hardie Industries in the first quarter worth $90,526,000. Goldman Sachs Group Inc. boosted its position in shares of James Hardie Industries by 160.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after acquiring an additional 1,662,743 shares during the last quarter. Finally, Millennium Management LLC grew its stake in James Hardie Industries by 5,001.3% during the first quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after acquiring an additional 978,314 shares in the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on JHX. Robert W. Baird decreased their price target on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. CLSA raised James Hardie Industries to a “hold” rating in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on James Hardie Industries in a research note on Friday, August 8th. They issued a “buy” rating and a $34.00 price objective on the stock. Raymond James Financial set a $28.00 target price on James Hardie Industries in a research report on Wednesday, October 29th. Finally, Oppenheimer boosted their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $27.42.

James Hardie Industries Stock Up 1.6%

NYSE JHX opened at $19.74 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. James Hardie Industries PLC. has a 52 week low of $16.46 and a 52 week high of $36.98. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 7.22 and a beta of 1.80. The company has a fifty day moving average of $19.82 and a two-hundred day moving average of $22.89.

James Hardie Industries (NYSE:JHX) last released its earnings results on Monday, November 17th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. James Hardie Industries had a net margin of 4.67% and a return on equity of 18.40%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the business earned $0.36 EPS. On average, analysts predict that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.

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.