Ballentine Partners LLC Raises Holdings in James Hardie Industries plc (NYSE:JHX)

Ballentine Partners LLC lifted its position in James Hardie Industries plc (NYSE:JHX) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,433 shares of the construction company’s stock after buying an additional 769 shares during the period. Ballentine Partners LLC’s holdings in James Hardie Industries were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC boosted its stake in shares of James Hardie Industries by 186.0% in the 1st quarter. Jennison Associates LLC now owns 335,239 shares of the construction company’s stock worth $13,564,000 after buying an additional 218,033 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of James Hardie Industries in the 1st quarter worth $71,000. Point72 Asset Management L.P. purchased a new position in shares of James Hardie Industries in the 2nd quarter worth $12,162,000. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 374 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of James Hardie Industries by 39.7% in the 1st quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock worth $12,697,000 after buying an additional 89,165 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

James Hardie Industries Price Performance

Shares of James Hardie Industries stock opened at $33.13 on Tuesday. James Hardie Industries plc has a one year low of $24.69 and a one year high of $43.57. The stock’s fifty day moving average is $36.59 and its 200 day moving average is $34.63. The stock has a market cap of $14.23 billion, a P/E ratio of 28.56, a P/E/G ratio of 3.90 and a beta of 1.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.94.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, August 13th. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $991.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.39 EPS. James Hardie Industries’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that James Hardie Industries plc will post 1.46 earnings per share 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.