US Bancorp DE Has $863,000 Stake in James Hardie Industries plc (NYSE:JHX)

US Bancorp DE decreased its position in James Hardie Industries plc (NYSE:JHX) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,011 shares of the construction company’s stock after selling 985 shares during the period. US Bancorp DE’s holdings in James Hardie Industries were worth $863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake 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 valued at $315,000 after buying an additional 359 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of 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 valued at $1,615,000 after buying an additional 420 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of James Hardie Industries by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock valued at $616,000 after buying an additional 433 shares during the period. Rhumbline Advisers boosted its stake in shares of James Hardie Industries by 5.2% during the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company’s stock valued at $299,000 after buying an additional 482 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of James Hardie Industries during the 4th quarter valued at $25,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

Shares of JHX opened at $31.78 on Tuesday. The company has a market capitalization of $13.66 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. James Hardie Industries plc has a one year low of $29.88 and a one year high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The company’s fifty day moving average price is $32.45 and its 200 day moving average price is $34.35.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. As a group, analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JHX. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, Truist Financial began coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.