Hudson Bay Capital Management LP Grows Holdings in James Hardie Industries PLC. $JHX

by · The Markets Daily

Hudson Bay Capital Management LP increased its holdings in James Hardie Industries PLC. (NYSE:JHX – Free Report) by 430.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 265,398 shares of the construction company’s stock after acquiring an additional 215,398 shares during the quarter. Hudson Bay Capital Management LP’s holdings in James Hardie Industries were worth $7,137,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in JHX. Rexford Capital Inc. bought a new stake in James Hardie Industries during the 2nd quarter valued at $129,000. Tower Research Capital LLC TRC raised its holdings in James Hardie Industries by 95,062.5% during the second quarter. Tower Research Capital LLC TRC now owns 22,839 shares of the construction company’s stock worth $614,000 after purchasing an additional 22,815 shares in the last quarter. Conversant Capital LLC acquired a new position in James Hardie Industries during the second quarter worth about $21,512,000. Captrust Financial Advisors lifted its stake in James Hardie Industries by 34.4% during the second quarter. Captrust Financial Advisors now owns 15,443 shares of the construction company’s stock valued at $415,000 after purchasing an additional 3,954 shares during the last quarter. Finally, Sea Cliff Partners Management LP bought a new stake in shares of James Hardie Industries during the 2nd quarter worth $24,426,000. 7.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on JHX shares. Zacks Research upgraded shares of James Hardie Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Robert W. Baird lowered their target price on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Raymond James Financial set a $21.00 price target on James Hardie Industries in a report on Monday, December 8th. Citigroup raised James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 4th. Finally, Oppenheimer raised their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, James Hardie Industries has an average rating of “Moderate Buy” and a consensus target price of $25.93.

View Our Latest Analysis on JHX

James Hardie Industries Stock Down 1.2%

JHX opened at $20.38 on Tuesday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 7.73 and a beta of 1.80. The firm’s 50-day simple moving average is $19.91 and its 200-day simple moving average is $22.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.79. James Hardie Industries PLC. has a twelve month low of $16.46 and a twelve month high of $34.96.

James Hardie Industries (NYSE:JHX – Get Free Report) last posted its earnings results on Monday, November 17th. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. James Hardie Industries had a net margin of 4.67% and a return on equity of 18.40%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. James Hardie Industries’s quarterly revenue was up 34.5% compared to the same quarter last year. Equities research analysts anticipate that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.

About James Hardie Industries

(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.

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