PNC Financial Services Group Inc. Sells 1,039 Shares of James Hardie Industries plc (NYSE:JHX)

PNC Financial Services Group Inc. lessened its position in James Hardie Industries plc (NYSE:JHX) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,215 shares of the construction company’s stock after selling 1,039 shares during the period. PNC Financial Services Group Inc.’s holdings in James Hardie Industries were worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in shares of James Hardie Industries by 317.2% in the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after purchasing an additional 131,120 shares during the period. FMR LLC lifted its position in shares of James Hardie Industries by 22.5% in the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after purchasing an additional 29,401 shares during the period. Quantinno Capital Management LP lifted its position in shares of James Hardie Industries by 49.0% in the 3rd quarter. Quantinno Capital Management LP now owns 58,576 shares of the construction company’s stock worth $2,352,000 after purchasing an additional 19,268 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of James Hardie Industries by 0.8% in 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 period. Finally, Bank of New York Mellon Corp lifted its position in shares of James Hardie Industries by 27.9% in the 4th quarter. Bank of New York Mellon Corp now owns 52,106 shares of the construction company’s stock worth $1,605,000 after purchasing an additional 11,353 shares during the period. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Down 2.3 %

Shares of NYSE JHX opened at $31.35 on Thursday. James Hardie Industries plc has a 1 year low of $29.88 and a 1 year high of $43.57. The stock has a market cap of $13.47 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. The firm has a 50-day moving average of $32.56 and a 200 day moving average of $34.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.

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

Wall Street Analysts Forecast Growth

JHX has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Truist Financial assumed coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price for the company. Finally, StockNews.com cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.