1 day Ago By ABMN Staff
James Hardie Industries plc ( NYSE:JHX – Get Free Report ) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 57,800 shares, a decline of 15.2% from the August 15th total of 68,200 shares.
Based on an average daily trading volume, of 67,000 shares, the days-to-cover ratio is currently 0.9 days. Hedge Funds Weigh In On James Hardie Industries Several large investors have recently added to or reduced their stakes in JHX.
GAMMA Investing LLC increased its position in shares of James Hardie Industries by 38.8% during the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock valued at $49,000 after purchasing an additional 341 shares during the period.
Lindbrook Capital LLC increased its holdings in James Hardie Industries by 14.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock valued at $117,000 after buying an additional 362 shares during the period.
Blue Trust Inc. raised its stake in shares of James Hardie Industries by 55.7% in the 2nd quarter.
Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after buying an additional 374 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of James Hardie Industries by 1.
2% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,630 shares of the construction company’s stock worth $1,029,000 after acquiring an additional 375 shares during the period. Finally, Crossmark Global Holdings Inc.
boosted its position in shares of James Hardie Industries by 1.3% during the 4th quarter. Crossmark Global Holdings Inc.
now owns 36,658 shares of the construction company’s stock valued at $1,418,000 after acquiring an additional 455 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.
Analysts Set New Price Targets A number of research analysts recently issued reports on JHX shares. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co.
lowered James Hardie Industries from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 21st. Finally, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.
James Hardie Industries Stock Performance JHX stock traded down $0.18 on Wednesday, reaching $36.11.
19,616 shares of the company were exchanged, compared to its average volume of 61,112. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.
94 and a quick ratio of 1.44. James Hardie Industries has a 12 month low of $24.
28 and a 12 month high of $41.98. The stock’s fifty day moving average price is $34.
86 and its 200 day moving average price is $35.21. The firm has a market capitalization of $15.
66 billion, a PE ratio of 31.26, a PEG ratio of 3.98 and a beta of 1.
74. James Hardie Industries ( NYSE:JHX – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.
41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03.
James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%.
The company had revenue of $991.90 million for the quarter, compared to the consensus estimate of $1.01 billion.
During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 3.
9% compared to the same quarter last year. On average, research analysts anticipate that James Hardie Industries will post 1.46 EPS for the current fiscal year.
About James Hardie Industries ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for James Hardie Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James Hardie Industries and related companies with MarketBeat.
com's FREE daily email newsletter ..
