Blue Trust Inc. Trims Holdings in James Hardie Industries plc (NYSE:JHX)

Blue Trust Inc. lessened its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 56.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,404 shares of the construction company’s stock after selling 1,838 shares during the quarter. Blue Trust Inc.’s holdings in James Hardie Industries were worth $43,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of James Hardie Industries by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after acquiring an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in James Hardie Industries by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after purchasing an additional 420 shares during the last quarter. US Bancorp DE grew its position in James Hardie Industries by 2.8% during the 3rd quarter. US Bancorp DE now owns 28,996 shares of the construction company’s stock worth $1,164,000 after purchasing an additional 780 shares during the last quarter. Versant Capital Management Inc acquired a new position in James Hardie Industries in the fourth quarter valued at $25,000. Finally, R Squared Ltd acquired a new stake in shares of James Hardie Industries during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Up 2.9 %

JHX stock opened at $32.26 on Thursday. James Hardie Industries plc has a 52 week low of $29.88 and a 52 week high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.87 billion, a P/E ratio of 31.94, a P/E/G ratio of 6.16 and a beta of 1.81. The company’s 50-day moving average price is $32.43 and its 200 day moving average price is $34.43.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The business had revenue of $953.30 million for the quarter, compared to analysts’ expectations of $967.63 million. On average, research analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Finally, Truist Financial started coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, James Hardie Industries currently has an average rating of “Buy” and a consensus price target of $45.00.

James Hardie Industries Company Profile

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.