James Hardie Industries plc (NYSE:JHX) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in James Hardie Industries plc (NYSE:JHX) by 111.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,558 shares of the construction company’s stock after purchasing an additional 33,457 shares during the quarter. New York State Common Retirement Fund’s holdings in James Hardie Industries were worth $2,458,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in shares of James Hardie Industries in the 4th quarter worth $4,532,000. Bleakley Financial Group LLC increased its stake in shares of James Hardie Industries by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 12,124 shares of the construction company’s stock worth $469,000 after acquiring an additional 623 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of James Hardie Industries in the 4th quarter worth $305,000. Acadian Asset Management LLC increased its stake in shares of James Hardie Industries by 754.0% in the 3rd quarter. Acadian Asset Management LLC now owns 116,574 shares of the construction company’s stock worth $3,055,000 after acquiring an additional 102,923 shares during the last quarter. Finally, FMR LLC increased its stake in shares of James Hardie Industries by 3.4% in the 3rd quarter. FMR LLC now owns 119,208 shares of the construction company’s stock worth $3,128,000 after acquiring an additional 3,934 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JHX has been the subject of a number of recent research reports. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price for the company. in a research note on Tuesday, January 23rd. StockNews.com downgraded James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th.

James Hardie Industries Stock Performance

NYSE JHX opened at $36.96 on Wednesday. The stock has a market cap of $16.10 billion, a PE ratio of 30.55, a P/E/G ratio of 1.76 and a beta of 1.72. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. James Hardie Industries plc has a twelve month low of $22.53 and a twelve month high of $41.98. The stock has a fifty day simple moving average of $38.21 and a 200-day simple moving average of $35.66.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $978.30 million during the quarter, compared to analysts’ expectations of $960.23 million. James Hardie Industries had a return on equity of 38.75% and a net margin of 13.93%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. Equities analysts anticipate that James Hardie Industries plc will post 1.6 earnings per share for the current 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.