James Hardie Industries plc (NYSE:JHX) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in James Hardie Industries plc (NYSE:JHX) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,023 shares of the construction company’s stock after purchasing an additional 5,981 shares during the quarter. Cerity Partners LLC’s holdings in James Hardie Industries were worth $813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JHX. Aaron Wealth Advisors LLC purchased a new stake in James Hardie Industries in the 4th quarter valued at $223,000. Sequoia Financial Advisors LLC grew its holdings in shares of James Hardie Industries by 17.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,264 shares of the construction company’s stock valued at $474,000 after purchasing an additional 1,853 shares during the period. Bleakley Financial Group LLC increased its position in James Hardie Industries by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 12,124 shares of the construction company’s stock worth $469,000 after purchasing an additional 623 shares during the last quarter. Ballentine Partners LLC purchased a new position in James Hardie Industries during the fourth quarter worth about $305,000. Finally, Fifth Third Bancorp boosted its holdings in James Hardie Industries by 492.8% in the 4th quarter. Fifth Third Bancorp now owns 3,681 shares of the construction company’s stock valued at $142,000 after purchasing an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Up 0.3 %

Shares of JHX stock opened at $34.33 on Tuesday. The company has a 50-day moving average of $38.62 and a two-hundred day moving average of $34.91. The firm has a market cap of $14.96 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.61 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 company has a debt-to-equity ratio of 0.60, a current ratio of 1.89 and a quick ratio of 1.46.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $978.30 million during the quarter, compared to the consensus estimate of $960.23 million. During the same quarter last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that James Hardie Industries plc will post 1.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JHX shares. StockNews.com downgraded shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price on the stock. in a research report on Tuesday, January 23rd.

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.