Zions Bancorporation N.A. Boosts Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Zions Bancorporation N.A. raised its stake in shares of James Hardie Industries plc (NYSE:JHX) by 1,904.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,943 shares of the construction company’s stock after purchasing an additional 9,447 shares during the period. Zions Bancorporation N.A.’s holdings in James Hardie Industries were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in James Hardie Industries by 55.7% in the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after acquiring an additional 374 shares during the last quarter. GAMMA Investing LLC raised its stake in James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after purchasing an additional 432 shares in the last quarter. Huntington National Bank bought a new position in James Hardie Industries during the third quarter valued at $55,000. Allspring Global Investments Holdings LLC purchased a new position in shares of James Hardie Industries in the 1st quarter worth $71,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of James Hardie Industries in the 2nd quarter worth about $66,000. 7.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of analyst reports. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th.

James Hardie Industries Trading Up 2.8 %

Shares of JHX opened at $36.15 on Friday. The company’s fifty day simple moving average is $35.68 and its 200-day simple moving average is $34.41. The company has a market cap of $15.52 billion, a P/E ratio of 35.79, a P/E/G ratio of 3.93 and a beta of 1.76. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 36.30%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, analysts expect that James Hardie Industries plc will post 1.47 EPS for the current year.

James Hardie Industries Company 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.