Greenleaf Trust Has $386,000 Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Greenleaf Trust lessened its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,973 shares of the construction company’s stock after selling 293 shares during the quarter. Greenleaf Trust’s holdings in James Hardie Industries were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JHX. Fifth Third Bancorp grew its holdings in shares of 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 buying an additional 3,060 shares during the period. Syon Capital LLC acquired a new position in shares of James Hardie Industries in the 3rd quarter valued at $206,000. Aaron Wealth Advisors LLC acquired a new position in shares of James Hardie Industries in the 4th quarter valued at $223,000. Clarius Group LLC grew its holdings in shares of James Hardie Industries by 5.0% in the 3rd quarter. Clarius Group LLC now owns 9,015 shares of the construction company’s stock valued at $237,000 after buying an additional 432 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of James Hardie Industries by 4.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company’s stock valued at $254,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

Analysts Set New Price Targets

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

James Hardie Industries Trading Up 3.2 %

JHX opened at $35.52 on Wednesday. The stock has a market capitalization of $15.48 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.62 and a beta of 1.69. James Hardie Industries plc has a 12 month low of $21.76 and a 12 month high of $41.98. The firm’s fifty day simple moving average is $38.64 and its 200 day simple moving average is $34.98. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Monday, February 12th. The construction company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $978.30 million for the quarter, compared to analysts’ expectations of $960.23 million. James Hardie Industries had a net margin of 13.93% and a return on equity of 38.75%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. As a group, research analysts anticipate that James Hardie Industries plc will post 1.6 EPS for the current fiscal year.

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.