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

Blue Trust Inc. reduced its stake in shares of James Hardie Industries plc (NYSE:JHX) by 56.7% in the 4th quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC increased its position in James Hardie Industries by 317.2% during the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after buying an additional 131,120 shares in the last quarter. FMR LLC boosted its stake in shares of James Hardie Industries by 22.5% during 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 last quarter. Quantinno Capital Management LP grew its holdings in shares of James Hardie Industries by 49.0% during the third quarter. Quantinno Capital Management LP now owns 58,576 shares of the construction company’s stock worth $2,352,000 after buying an additional 19,268 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of James Hardie Industries by 0.8% in the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of James Hardie Industries by 67.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after buying an additional 20,496 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

James Hardie Industries Stock Up 2.9 %

Shares of James Hardie Industries stock opened at $32.26 on Thursday. The company has a fifty day moving average price of $32.43 and a 200 day moving average price of $34.43. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 6.16 and a beta of 1.81.

James Hardie Industries (NYSE:JHX) last posted its 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. The business had revenue of $953.30 million during the quarter, compared to analyst estimates of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. Equities research analysts forecast that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

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.