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Aaron Wealth Advisors LLC Acquires New Position in James Hardie Industries Plc (NYSE:JHX)

Defense World ·  Aug 21, 2022 05:41

Aaron Wealth Advisors LLC acquired a new stake in James Hardie Industries plc (NYSE:JHX – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,999 shares of the construction company's stock, valued at approximately $796,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank N A MO purchased a new position in James Hardie Industries during the 4th quarter valued at about $39,000. Advisor Group Holdings Inc. increased its holdings in James Hardie Industries by 150.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company's stock valued at $74,000 after acquiring an additional 1,486 shares in the last quarter. Yousif Capital Management LLC purchased a new position in James Hardie Industries during the 4th quarter valued at about $280,000. Balentine LLC increased its holdings in James Hardie Industries by 115.7% during the 1st quarter. Balentine LLC now owns 10,690 shares of the construction company's stock valued at $322,000 after acquiring an additional 5,734 shares in the last quarter. Finally, Veriti Management LLC increased its holdings in James Hardie Industries by 11.8% during the 1st quarter. Veriti Management LLC now owns 11,481 shares of the construction company's stock valued at $346,000 after acquiring an additional 1,215 shares in the last quarter. Institutional investors and hedge funds own 17.17% of the company's stock.

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Analyst Ratings Changes

Separately, Morgan Stanley upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Tuesday, May 17th.

James Hardie Industries Stock Performance

Shares of NYSE JHX opened at $24.73 on Friday. The company has a market cap of $11.02 billion, a PE ratio of 21.89 and a beta of 1.34. James Hardie Industries plc has a 12 month low of $20.14 and a 12 month high of $41.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.10. The company has a 50-day simple moving average of $23.61 and a 200-day simple moving average of $27.78.

James Hardie Industries Profile

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James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada.

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