US Bancorp DE Purchases 8,548 Shares of James Hardie Industries plc (NYSE:JHX)

US Bancorp DE raised its position in James Hardie Industries plc (NYSE:JHX – Get Rating) by 35.6% during the third quarter, Holdings Channel reports. The institutional investor owned 32,540 shares of the construction company’s stock after buying an additional 8,548 shares during the quarter. US Bancorp DE’s holdings in James Hardie Industries were worth $643,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ellevest Inc. bought a new position in shares of James Hardie Industries in the 2nd quarter worth $31,000. BNP Paribas Arbitrage SA boosted its position in shares of James Hardie Industries by 880.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock worth $59,000 after purchasing an additional 1,760 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of James Hardie Industries by 150.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock worth $74,000 after purchasing an additional 1,486 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of James Hardie Industries in the 3rd quarter worth $84,000. Finally, JPMorgan Chase & Co. boosted its position in shares of James Hardie Industries by 28.0% in the 1st quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock worth $88,000 after purchasing an additional 640 shares during the last quarter. 1.24% of the stock is currently owned by institutional investors.

James Hardie Industries Stock Performance

JHX opened at $20.55 on Friday. The business’s 50-day moving average price is $19.41 and its two-hundred day moving average price is $21.47. James Hardie Industries plc has a 1 year low of $17.25 and a 1 year high of $36.26. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.37 and a beta of 1.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.41 and a quick ratio of 0.94.

James Hardie Industries (NYSE:JHX – Get Rating) last released its quarterly earnings results on Monday, November 7th. The construction company reported $0.39 earnings per share (EPS) for the quarter. James Hardie Industries had a return on equity of 48.94% and a net margin of 13.40%. The firm had revenue of $997.60 million for the quarter. Equities analysts expect that James Hardie Industries plc will post 1.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JHX shares. Royal Bank of Canada lowered James Hardie Industries from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, November 8th. TheStreet downgraded James Hardie Industries from a “b-” rating to a “c+” rating in a research note on Monday, November 21st. Bank of America started coverage on James Hardie Industries in a research note on Thursday, September 29th. They set a “buy” rating and a $29.80 price objective on the stock. Jefferies Financial Group downgraded James Hardie Industries from a “buy” rating to an “underperform” rating in a research note on Thursday, November 10th. Finally, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, December 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

James Hardie Industries Profile

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James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada.