BlackRock Amends James Hardie Stake as of Dec 31, 2023
Ticker: JHIUF · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1159152
| Field | Detail |
|---|---|
| Company | James Hardie Industries PLC (JHIUF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its James Hardie stake, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. has filed an amended Schedule 13G/A for James Hardie Industries plc, indicating a change in their ownership stake as of December 31, 2023. This filing, Amendment No. 6, updates their previous disclosures regarding their beneficial ownership of James Hardie's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
Changes in large institutional ownership can influence stock price and reflect a major investor's updated view on the company's value or future performance.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and doesn't inherently signal high risk, but rather a change in ownership percentage.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for James Hardie Industries plc to identify any emerging trends in institutional ownership, which could signal shifts in market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- James Hardie Industries plc (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No. 6 (number) — the specific amendment number of the filing
Forward-Looking Statements
- Other institutional investors may review BlackRock's updated position in James Hardie Industries plc to inform their own investment decisions. (institutional investors) — medium confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 6'.
Who is the subject company of this filing?
The subject company is James Hardie Industries plc, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: James Hardie Industries plc'.
Who is the entity making this filing?
The entity making this filing is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as specified in the document.
What is the title of the class of securities being reported?
The title of the class of securities being reported is 'Common Stock' of James Hardie Industries plc.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 2, 2024 regarding James Hardie Industries plc (JHIUF).