James Hardie Industries plc (NYSE:JHX) Stock Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of James Hardie Industries plc (NYSE:JHX) by 27.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,106 shares of the construction company’s stock after acquiring an additional 11,353 shares during the period. Bank of New York Mellon Corp’s holdings in James Hardie Industries were worth $1,605,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC grew its position in shares of James Hardie Industries by 2.5% during the fourth 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. Rhumbline Advisers grew its position in James Hardie Industries by 5.2% in the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company’s stock valued at $299,000 after buying an additional 482 shares in the last quarter. ABC Arbitrage SA bought a new position in James Hardie Industries in the 4th quarter valued at about $1,457,000. R Squared Ltd bought a new position in James Hardie Industries in the 4th quarter valued at about $27,000. Finally, Blue Trust Inc. grew its position in James Hardie Industries by 33.3% in the 4th quarter. Blue Trust Inc. now owns 4,323 shares of the construction company’s stock valued at $133,000 after buying an additional 1,081 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $29.29 on Friday. James Hardie Industries plc has a twelve month low of $28.77 and a twelve month high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 6.16 and a beta of 1.84. The firm has a 50-day moving average of $32.48 and a two-hundred day moving average of $34.01.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. As a group, analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JHX shares. Truist Financial started coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price for the company. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $45.00.

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.