Greenleaf Trust Has $386,000 Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Greenleaf Trust cut its stake in James Hardie Industries plc (NYSE:JHX) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,973 shares of the construction company’s stock after selling 293 shares during the quarter. Greenleaf Trust’s holdings in James Hardie Industries were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp increased its stake in shares of James Hardie Industries by 492.8% in the fourth 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 last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of James Hardie Industries in the fourth quarter worth $223,000. Raymond James & Associates bought a new stake in James Hardie Industries in the fourth quarter worth $273,000. Syon Capital LLC bought a new stake in James Hardie Industries in the third quarter worth $206,000. Finally, Ballentine Partners LLC bought a new stake in James Hardie Industries in the fourth quarter worth $305,000. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Trading Up 3.2 %

Shares of NYSE:JHX opened at $35.52 on Wednesday. The stock has a market capitalization of $15.48 billion, a PE ratio of 29.36, a P/E/G ratio of 1.62 and a beta of 1.69. James Hardie Industries plc has a 1 year low of $21.76 and a 1 year high of $41.98. The firm has a fifty day moving average price of $38.64 and a 200 day moving average price of $34.98. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. James Hardie Industries had a net margin of 13.93% and a return on equity of 38.75%. The company had revenue of $978.30 million during the quarter, compared to analysts’ expectations of $960.23 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts expect that James Hardie Industries plc will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

JHX has been the subject of a number of recent research reports. Bank of America cut shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective for the company. in a report on Tuesday, January 23rd. StockNews.com cut shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th.

James Hardie Industries 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.