James Hardie Industries plc (NYSE:JHX) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its position in James Hardie Industries plc (NYSE:JHX) by 33.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,323 shares of the construction company’s stock after purchasing an additional 1,081 shares during the period. Blue Trust Inc.’s holdings in James Hardie Industries were worth $133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of James Hardie Industries in the fourth quarter valued at $25,000. GAMMA Investing LLC grew its stake in James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after acquiring an additional 432 shares during the last quarter. Huntington National Bank purchased a new position in James Hardie Industries during the 3rd quarter valued at about $55,000. Pinpoint Asset Management Ltd purchased a new position in James Hardie Industries during the 3rd quarter valued at about $64,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in James Hardie Industries during the third quarter worth about $71,000. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Stock Up 1.3 %

Shares of NYSE JHX opened at $33.30 on Thursday. The firm’s 50 day moving average price is $33.21 and its 200 day moving average price is $34.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a market cap of $14.31 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 4.66 and a beta of 1.81. James Hardie Industries plc has a 1 year low of $29.88 and a 1 year high of $43.57.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $960.80 million for the quarter, compared to analysts’ expectations of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, sell-side analysts anticipate that James Hardie Industries plc will post 1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial assumed coverage on James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target for the company. StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.00.

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.