5 Best ASX Stocks To Buy Now

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In this piece, we will take a look at the five best ASX stocks to buy now. If you want to skip our introduction to the Australian stock market, then you can take a look at the 11 Best ASX Stocks To Buy Now.

5. James Hardie Industries plc (NYSE:JHX)

Number of Q4 2023 Hedge Fund Shareholders: 7

James Hardie Industries plc (NYSE:JHX) is an Ireland based company that sells building materials and products. It is a sizeable firm, with a presence in Asia, Europe, and North America. Its investors were in for some bad news in February 2024 when Bank of America kept a Sell rating for the shares.

Seven out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought and owned James Hardie Industries plc (NYSE:JHX)’s shares. Jim Simons’s Renaissance Technologies was the biggest investor courtesy of its $5.4 million investment.

Follow James Hardie Industries Plc (NYSE:JHX)


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