Schechter Investment Advisors LLC Purchases 494 Shares of James Hardie Industries plc (NYSE:JHX)

Schechter Investment Advisors LLC raised its position in shares of James Hardie Industries plc (NYSE:JHX) by 7.6% in the fourth quarter, Holdings Channel reports. The firm owned 7,017 shares of the construction company’s stock after acquiring an additional 494 shares during the quarter. Schechter Investment Advisors LLC’s holdings in James Hardie Industries were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JHX. US Bancorp DE increased its stake in James Hardie Industries by 2.8% during the 3rd quarter. US Bancorp DE now owns 28,996 shares of the construction company’s stock valued at $1,164,000 after purchasing an additional 780 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of James Hardie Industries in the third quarter worth approximately $379,000. Crossmark Global Holdings Inc. grew its stake in shares of James Hardie Industries by 83.9% in the third quarter. Crossmark Global Holdings Inc. now owns 51,996 shares of the construction company’s stock worth $2,088,000 after acquiring an additional 23,723 shares during the period. Cable Hill Partners LLC bought a new stake in shares of James Hardie Industries in the third quarter worth approximately $336,000. Finally, Huntington National Bank bought a new stake in shares of James Hardie Industries in the third quarter worth approximately $55,000. 7.96% of the stock is currently owned by institutional investors.

James Hardie Industries Stock Performance

Shares of NYSE JHX opened at $32.00 on Friday. The firm has a 50 day moving average of $32.41 and a 200 day moving average of $34.39. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $953.30 million during the quarter, compared to analyst estimates of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, research analysts anticipate that James Hardie Industries plc will post 1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JHX shares. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. StockNews.com lowered shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Truist Financial started coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

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.