Simplicity Wealth LLC Buys Shares of 9,856 James Hardie Industries plc (NYSE:JHX)

Simplicity Wealth LLC bought a new stake in James Hardie Industries plc (NYSE:JHX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,856 shares of the construction company’s stock, valued at approximately $399,000.

Several other institutional investors and hedge funds also recently bought and sold shares of JHX. Jennison Associates LLC acquired a new position in shares of James Hardie Industries in the 4th quarter worth approximately $4,532,000. Acadian Asset Management LLC lifted its holdings 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. New York State Common Retirement Fund lifted its holdings in shares of James Hardie Industries by 111.1% in the 4th quarter. New York State Common Retirement Fund now owns 63,558 shares of the construction company’s stock worth $2,458,000 after acquiring an additional 33,457 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of James Hardie Industries by 72.2% in the 4th quarter. Russell Investments Group Ltd. now owns 43,820 shares of the construction company’s stock worth $1,683,000 after acquiring an additional 18,371 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of James Hardie Industries by 79.3% in the 4th quarter. Natixis Advisors L.P. now owns 37,399 shares of the construction company’s stock worth $1,446,000 after acquiring an additional 16,544 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Stock Down 1.5 %

James Hardie Industries stock traded down $0.45 during mid-day trading on Wednesday, reaching $30.54. 111,502 shares of the company’s stock were exchanged, compared to its average volume of 51,296. The company has a market cap of $13.25 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.80 and a beta of 1.72. James Hardie Industries plc has a twelve month low of $24.18 and a twelve month high of $41.98. The company has a quick ratio of 1.46, a current ratio of 1.89 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $37.20 and a 200-day moving average of $36.40.

Analyst Ratings Changes

Several equities analysts have recently commented on JHX shares. JPMorgan Chase & Co. lowered shares of James Hardie Industries from an “overweight” rating to a “neutral” rating in a report on Tuesday. Bank of America lowered shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective on the stock. in a report on Tuesday, January 23rd. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Tuesday. Finally, StockNews.com lowered shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.50.

About James Hardie Industries

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.