James Hardie Industries plc (NYSE:JHX) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC grew its position in shares of James Hardie Industries plc (NYSE:JHX) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,622 shares of the construction company’s stock after purchasing an additional 735 shares during the period. Ballentine Partners LLC’s holdings in James Hardie Industries were worth $349,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JHX. GAMMA Investing LLC purchased a new position in shares of James Hardie Industries during the 4th quarter worth about $33,000. Barometer Capital Management Inc. purchased a new position in shares of James Hardie Industries during the 4th quarter worth about $120,000. Fifth Third Bancorp lifted its holdings in shares of James Hardie Industries by 492.8% during the 4th quarter. Fifth Third Bancorp now owns 3,681 shares of the construction company’s stock worth $142,000 after acquiring an additional 3,060 shares during the period. PDS Planning Inc purchased a new position in shares of James Hardie Industries during the 4th quarter worth about $209,000. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of James Hardie Industries during the 4th quarter worth about $223,000. 7.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JHX. JPMorgan Chase & Co. lowered shares of James Hardie Industries from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 21st. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. Finally, StockNews.com lowered shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.50.

James Hardie Industries Trading Up 2.5 %

NYSE JHX opened at $32.94 on Wednesday. James Hardie Industries plc has a one year low of $24.28 and a one year high of $41.98. The company’s 50 day moving average price is $33.52 and its 200 day moving average price is $36.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 1.79. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.64 and a beta of 1.70.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Monday, May 20th. The construction company reported $0.40 EPS for the quarter. James Hardie Industries had a net margin of 12.96% and a return on equity of 38.97%. The firm had revenue of $1 billion for the quarter. On average, sell-side analysts predict that James Hardie Industries plc will post 1.51 EPS for the current year.

About James Hardie Industries

James Hardie Industries plc 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, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.