James Hardie Industries plc (NYSE:JHX) Stake Boosted by US Bancorp DE

US Bancorp DE increased its holdings in James Hardie Industries plc (NYSE:JHXFree Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,262 shares of the construction company’s stock after buying an additional 1,764 shares during the quarter. US Bancorp DE’s holdings in James Hardie Industries were worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JHX. Jennison Associates LLC bought a new position in James Hardie Industries in the 4th quarter worth approximately $4,532,000. Acadian Asset Management LLC grew its holdings in James Hardie Industries by 754.0% in the 3rd quarter. Acadian Asset Management LLC now owns 116,574 shares of the construction company’s stock worth $3,055,000 after buying an additional 102,923 shares in the last quarter. New York State Common Retirement Fund grew its holdings in James Hardie Industries by 111.1% in the 4th quarter. New York State Common Retirement Fund now owns 63,558 shares of the construction company’s stock worth $2,458,000 after buying an additional 33,457 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in James Hardie Industries by 72.2% in the 4th quarter. Russell Investments Group Ltd. now owns 43,820 shares of the construction company’s stock worth $1,683,000 after buying an additional 18,371 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in James Hardie Industries by 79.3% in the 4th quarter. Natixis Advisors L.P. now owns 37,399 shares of the construction company’s stock worth $1,446,000 after buying an additional 16,544 shares in the last quarter. 7.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

JHX has been the subject of a number of recent analyst reports. Macquarie raised James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. downgraded James Hardie Industries from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 21st. Finally, StockNews.com downgraded James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.50.

View Our Latest Stock Report on James Hardie Industries

James Hardie Industries Stock Performance

JHX opened at $32.28 on Tuesday. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.68 and a beta of 1.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.79 and a quick ratio of 1.37. James Hardie Industries plc has a 1-year low of $24.28 and a 1-year high of $41.98. The business has a 50 day moving average price of $35.85 and a two-hundred day moving average price of $36.55.

James Hardie Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for James Hardie Industries (NYSE:JHX)

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