Mercer Global Advisors Inc. ADV bought a new position in James Hardie Industries plc (NYSE:JHX – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,035 shares of the construction company's stock, valued at approximately $664,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank N A MO purchased a new position in James Hardie Industries in the 4th quarter worth $39,000. Advisor Group Holdings Inc. raised its stake in James Hardie Industries by 150.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company's stock worth $74,000 after acquiring an additional 1,486 shares during the last quarter. Balentine LLC raised its stake in James Hardie Industries by 115.7% in the 1st quarter. Balentine LLC now owns 10,690 shares of the construction company's stock worth $322,000 after acquiring an additional 5,734 shares during the last quarter. Veriti Management LLC raised its stake in James Hardie Industries by 11.8% in the 1st quarter. Veriti Management LLC now owns 11,481 shares of the construction company's stock worth $346,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Brinker Capital Investments LLC grew its position in James Hardie Industries by 3.7% during the 4th quarter. Brinker Capital Investments LLC now owns 8,758 shares of the construction company's stock worth $356,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 17.17% of the company's stock.
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Separately, Morgan Stanley raised James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, May 17th.
James Hardie Industries Price Performance
Shares of JHX opened at $23.50 on Friday. The business's 50-day moving average is $23.85 and its two-hundred day moving average is $27.42. The company has a market capitalization of $10.47 billion, a P/E ratio of 20.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.81 and a current ratio of 1.14. James Hardie Industries plc has a fifty-two week low of $20.14 and a fifty-two week high of $41.85.About James Hardie Industries
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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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