Boston Common Asset Management LLC Cuts Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Boston Common Asset Management LLC trimmed its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,049 shares of the construction company’s stock after selling 5,479 shares during the period. Boston Common Asset Management LLC’s holdings in James Hardie Industries were worth $1,542,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its position in James Hardie Industries by 2.6% during the third quarter. Sequoia Financial Advisors LLC now owns 12,494 shares of the construction company’s stock valued at $502,000 after buying an additional 318 shares during the period. Franklin Resources Inc. boosted its position in James Hardie Industries by 4.4% during the third quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock valued at $315,000 after buying an additional 359 shares during the period. Bank of New York Mellon Corp boosted its position in James Hardie Industries by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 32,630 shares of the construction company’s stock valued at $1,029,000 after buying an additional 375 shares during the period. GAMMA Investing LLC boosted its position 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 buying an additional 432 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in James Hardie Industries by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock valued at $2,223,000 after buying an additional 534 shares during the period. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on JHX shares. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial assumed coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price for the company. Finally, StockNews.com lowered shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.25.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $33.82 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $33.60 and a 200-day moving average of $34.56. The firm has a market cap of $14.53 billion, a P/E ratio of 33.48, a P/E/G ratio of 3.87 and a beta of 1.80. James Hardie Industries plc has a 1-year low of $29.88 and a 1-year high of $43.57.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. James Hardie Industries’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Sell-side analysts expect that James Hardie Industries plc will post 1.47 EPS for the current 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.