Cornerstone Wealth Management LLC bought a new position in shares of James Hardie Industries plc (NYSE:JHX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 8,610 shares of the construction company’s stock, valued at approximately $525,000.
Several other hedge funds and other institutional investors also recently modified their holdings of JHX. UBS Group AG grew its holdings in James Hardie Industries by 9.5% during the 1st quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock valued at $1,073,000 after purchasing an additional 5,204 shares during the last quarter. Northern Trust Corp grew its holdings in James Hardie Industries by 2.7% during the 1st quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock valued at $7,244,000 after purchasing an additional 10,692 shares during the last quarter. Jane Street Group LLC bought a new position in James Hardie Industries during the 4th quarter valued at about $244,000. Goldman Sachs Group Inc. grew its holdings in James Hardie Industries by 62.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 66,663 shares of the construction company’s stock valued at $1,174,000 after purchasing an additional 25,601 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in James Hardie Industries by 17.3% during the 4th quarter. Renaissance Technologies LLC now owns 255,000 shares of the construction company’s stock valued at $4,491,000 after purchasing an additional 37,633 shares during the last quarter. Institutional investors own 0.56% of the company’s stock.
Shares of NYSE JHX traded down $0.07 during trading hours on Friday, hitting $15.26. 11,100 shares of the stock were exchanged, compared to its average volume of 10,184. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 0.89. The firm has a market cap of $6.80 billion, a PE ratio of 38.53 and a beta of 1.11. James Hardie Industries plc has a 12 month low of $13.62 and a 12 month high of $18.79.
Separately, TheStreet raised shares of James Hardie Industries from a “c+” rating to a “b-” rating in a research report on Friday, August 17th.
About James Hardie Industries
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.
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