Clarius Group LLC Has $277,000 Stock Position in James Hardie Industries plc (NYSE:JHX)

Clarius Group LLC lessened its position in James Hardie Industries plc (NYSE:JHX) by 15.3% in the fourth quarter, HoldingsChannel reports. The fund owned 9,000 shares of the construction company’s stock after selling 1,621 shares during the quarter. Clarius Group LLC’s holdings in James Hardie Industries were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JHX. M&T Bank Corp acquired a new stake in James Hardie Industries in the 3rd quarter valued at $293,000. Cerity Partners LLC increased its position in shares of James Hardie Industries by 58.8% during the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after acquiring an additional 13,981 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of James Hardie Industries in the 3rd quarter worth about $2,369,000. FMR LLC lifted its position in James Hardie Industries by 22.5% in the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock valued at $6,435,000 after acquiring an additional 29,401 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in James Hardie Industries by 317.2% during the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after purchasing an additional 131,120 shares during the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $33.82 on Monday. The company has a market capitalization of $14.53 billion, a PE ratio of 33.48, a PEG ratio of 3.87 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 stock’s 50 day moving average price is $33.60 and its 200-day moving average price is $34.60. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities analysts anticipate that James Hardie Industries plc will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

JHX has been the subject of several analyst reports. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com cut James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, Truist Financial initiated coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, James Hardie Industries currently has a consensus rating of “Hold” and a consensus price target 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.