Northern Trust Corp Has $11.53 Million Stake in James Hardie Industries plc (NYSE:JHX)

Northern Trust Corp boosted its position in shares of James Hardie Industries plc (NYSE:JHX) by 76.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,164 shares of the construction company’s stock after acquiring an additional 161,899 shares during the period. Northern Trust Corp owned 0.09% of James Hardie Industries worth $11,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in James Hardie Industries by 45.3% during the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after acquiring an additional 303 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in James Hardie Industries by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after acquiring an additional 420 shares during the last quarter. Sanctuary Advisors LLC lifted its position in James Hardie Industries by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock worth $616,000 after acquiring an additional 433 shares during the last quarter. Russell Investments Group Ltd. lifted its position in James Hardie Industries by 9.5% during the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock worth $161,000 after acquiring an additional 453 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in James Hardie Industries by 5.2% during the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company’s stock worth $299,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $25.18 on Friday. James Hardie Industries plc has a 12-month low of $19.72 and a 12-month high of $43.57. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.82 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The firm has a 50-day moving average price of $24.56 and a 200 day moving average price of $30.18.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The firm had revenue of $953.30 million during the quarter, compared to analyst estimates of $967.63 million. Research analysts anticipate that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 24th. Macquarie lowered shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research report on Monday, March 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating and cut their price objective for the company from $27.40 to $27.35 in a research report on Thursday, March 27th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.45.

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.