James Hardie Industries plc (NYSE:JHX) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in James Hardie Industries plc (NYSE:JHX) by 39.4% during the third quarter, Holdings Channel reports. The firm owned 6,238 shares of the construction company’s stock after purchasing an additional 1,763 shares during the period. Allspring Global Investments Holdings LLC’s holdings in James Hardie Industries were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JHX. Jennison Associates LLC boosted its holdings 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 valued at $13,564,000 after purchasing an additional 218,033 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of James Hardie Industries by 38.3% during the 1st quarter. Whittier Trust Co. now owns 18,087 shares of the construction company’s stock valued at $732,000 after acquiring an additional 5,010 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of 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 valued at $47,000 after acquiring an additional 1,012 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of James Hardie Industries by 17.6% during the 1st quarter. Russell Investments Group Ltd. now owns 51,513 shares of the construction company’s stock valued at $2,053,000 after acquiring an additional 7,693 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of James Hardie Industries by 39.7% during the 1st quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock valued at $12,697,000 after acquiring an additional 89,165 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $31.27 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 3.65 and a beta of 1.76. The firm’s fifty day simple moving average is $36.43 and its 200 day simple moving average is $34.54. James Hardie Industries plc has a twelve month low of $26.06 and a twelve month high of $43.57.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 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.