Boston Common Asset Management LLC Buys 2,546 Shares of James Hardie Industries plc (NYSE:JHX)

Boston Common Asset Management LLC lifted its stake in James Hardie Industries plc (NYSE:JHX) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,528 shares of the construction company’s stock after acquiring an additional 2,546 shares during the period. Boston Common Asset Management LLC’s holdings in James Hardie Industries were worth $2,229,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Atlas Capital Advisors LLC purchased a new stake in shares of James Hardie Industries during the 1st quarter valued at $30,000. Blue Trust Inc. raised 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. Whittier Trust Co. of Nevada Inc. lifted its position in James Hardie Industries by 693.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,012 shares during the period. GAMMA Investing LLC grew its stake in James Hardie Industries by 38.8% during the 1st quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock valued at $49,000 after purchasing an additional 341 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of James Hardie Industries in the first quarter valued at about $71,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Trading Down 0.3 %

Shares of James Hardie Industries stock opened at $35.75 on Friday. James Hardie Industries plc has a 1 year low of $24.28 and a 1 year high of $43.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.44. The stock has a market cap of $15.42 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 4.08 and a beta of 1.74. The firm has a fifty day moving average price of $36.11 and a 200 day moving average price of $35.02.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The business had revenue of $991.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that James Hardie Industries plc will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

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.