Cerity Partners LLC Acquires 13,981 Shares of James Hardie Industries plc (NYSE:JHX)

Cerity Partners LLC boosted its holdings in James Hardie Industries plc (NYSE:JHX) by 58.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,771 shares of the construction company’s stock after buying an additional 13,981 shares during the quarter. Cerity Partners LLC’s holdings in James Hardie Industries were worth $1,517,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new stake in James Hardie Industries during the 2nd quarter valued at approximately $12,162,000. Natixis Advisors LLC increased its position 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 period. Mediolanum International Funds Ltd acquired a new stake in James Hardie Industries during the 3rd quarter valued at approximately $2,369,000. Crossmark Global Holdings Inc. increased its position in James Hardie Industries by 83.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,996 shares of the construction company’s stock valued at $2,088,000 after purchasing an additional 23,723 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in James Hardie Industries by 67.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after purchasing an additional 20,496 shares during the period. Institutional investors own 7.96% of the company’s stock.

Wall Street Analyst Weigh In

JHX has been the subject of a number of recent analyst reports. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $36.59 on Wednesday. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 4.64 and a beta of 1.77. James Hardie Industries plc has a 52 week low of $29.88 and a 52 week high of $43.57. 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 firm has a 50 day moving average of $35.52 and a 200-day moving average of $34.37.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. On average, equities analysts forecast that James Hardie Industries plc will post 1.47 earnings per share for the current year.

James Hardie Industries Company 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.