Hill City Capital LP Raises Stock Holdings in James Hardie Industries PLC. $JHX

Hill City Capital LP raised its stake in James Hardie Industries PLC. (NYSE:JHX) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,723,900 shares of the construction company’s stock after buying an additional 102,200 shares during the quarter. James Hardie Industries comprises about 0.0% of Hill City Capital LP’s portfolio, making the stock its 29th biggest holding. Hill City Capital LP’s holdings in James Hardie Industries were worth $149,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of JHX. Public Employees Retirement System of Ohio acquired a new stake in shares of James Hardie Industries during the second quarter valued at about $1,114,000. Corient Private Wealth LP raised its stake in shares of James Hardie Industries by 122.0% in the 2nd quarter. Corient Private Wealth LP now owns 26,351 shares of the construction company’s stock valued at $690,000 after acquiring an additional 14,480 shares during the period. Fund 1 Investments LLC acquired a new position in shares of James Hardie Industries in the 2nd quarter worth approximately $1,047,000. Castleark Management LLC acquired a new position in shares of James Hardie Industries in the 2nd quarter worth approximately $6,120,000. Finally, RDST Capital LLC boosted its position in shares of James Hardie Industries by 24.0% during the 2nd quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock worth $105,114,000 after purchasing an additional 776,950 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird set a $34.00 target price on shares of James Hardie Industries in a report on Friday, August 7th. Raymond James Financial set a $35.00 target price on James Hardie Industries in a research report on Monday, August 10th. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Barclays upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $35.00 in a research report on Monday, August 10th. Finally, Stephens lifted their price objective on James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

James Hardie Industries Stock Down 0.2%

Shares of NYSE:JHX opened at $30.38 on Monday. The firm has a market capitalization of $17.63 billion, a PE ratio of 121.52, a price-to-earnings-growth ratio of 1.91 and a beta of 1.77. James Hardie Industries PLC. has a 1 year low of $16.46 and a 1 year high of $31.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The firm’s 50-day moving average is $26.85 and its two-hundred day moving average is $23.51.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 63.9% compared to the same quarter last year. Analysts predict that James Hardie Industries PLC. will post 1.43 EPS for the current year.

About James Hardie Industries

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.