Whittier Trust Co. Purchases 1,576 Shares of James Hardie Industries plc (NYSE:JHX)

Whittier Trust Co. lifted its position in shares of James Hardie Industries plc (NYSE:JHX) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,904 shares of the construction company’s stock after purchasing an additional 1,576 shares during the period. Whittier Trust Co.’s holdings in James Hardie Industries were worth $879,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Ballentine Partners LLC raised its position in James Hardie Industries by 9.3% in the first quarter. Ballentine Partners LLC now owns 8,622 shares of the construction company’s stock worth $349,000 after acquiring an additional 735 shares during the period. Atlas Capital Advisors LLC bought a new stake in James Hardie Industries in the first quarter worth about $30,000. DGS Capital Management LLC raised its position in James Hardie Industries by 41.6% in the first quarter. DGS Capital Management LLC now owns 15,713 shares of the construction company’s stock worth $636,000 after acquiring an additional 4,613 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in James Hardie Industries in the first quarter worth about $71,000. Finally, Jennison Associates LLC raised its position in James Hardie Industries by 186.0% in the first quarter. Jennison Associates LLC now owns 335,239 shares of the construction company’s stock worth $13,564,000 after acquiring an additional 218,033 shares during the period. 7.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

James Hardie Industries Stock Performance

NYSE JHX opened at $33.76 on Thursday. The company’s 50 day moving average is $36.58 and its 200-day moving average is $34.78. James Hardie Industries plc has a 12-month low of $24.28 and a 12-month high of $43.57. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The firm has a market cap of $14.64 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 4.08 and a beta of 1.74.

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

About James Hardie Industries

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.