Syon Capital LLC Has $425,000 Position in James Hardie Industries plc (NYSE:JHX)

Syon Capital LLC boosted its holdings in James Hardie Industries plc (NYSE:JHX) by 40.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,993 shares of the construction company’s stock after buying an additional 3,154 shares during the quarter. Syon Capital LLC’s holdings in James Hardie Industries were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Yousif Capital Management LLC acquired a new position in James Hardie Industries in the 4th quarter valued at approximately $264,000. GAMMA Investing LLC bought a new stake in shares of James Hardie Industries in the fourth quarter worth $33,000. New York State Common Retirement Fund increased its holdings in James Hardie Industries by 111.1% in the fourth quarter. New York State Common Retirement Fund now owns 63,558 shares of the construction company’s stock valued at $2,458,000 after purchasing an additional 33,457 shares during the period. PDS Planning Inc bought a new position in James Hardie Industries during the 4th quarter worth $209,000. Finally, Jennison Associates LLC acquired a new position in James Hardie Industries during the 4th quarter worth about $4,532,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com cut James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. Bank of America cut James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price on the stock. in a report on Tuesday, January 23rd.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $36.07 on Friday. The company has a market capitalization of $15.72 billion, a PE ratio of 29.81, a P/E/G ratio of 1.64 and a beta of 1.69. The company has a quick ratio of 1.46, a current ratio of 1.89 and a debt-to-equity ratio of 0.60. James Hardie Industries plc has a twelve month low of $21.88 and a twelve month high of $41.98. The firm has a fifty day simple moving average of $38.54 and a 200 day simple moving average of $35.05.

James Hardie Industries (NYSE:JHX) last issued 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 firm had revenue of $978.30 million during the quarter, compared to the consensus estimate of $960.23 million. James Hardie Industries had a return on equity of 38.75% and a net margin of 13.93%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. On average, sell-side analysts forecast that James Hardie Industries plc will post 1.6 EPS 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.