Pathstone Holdings LLC Buys 2,060 Shares of James Hardie Industries plc (NYSE:JHX)

Pathstone Holdings LLC lifted its position in James Hardie Industries plc (NYSE:JHX) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,798 shares of the construction company’s stock after buying an additional 2,060 shares during the quarter. Pathstone Holdings LLC’s holdings in James Hardie Industries were worth $1,678,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Boston Common Asset Management LLC purchased a new stake in James Hardie Industries in the 2nd quarter worth approximately $1,671,000. Simplicity Wealth LLC increased its holdings in shares of James Hardie Industries by 8.5% in the second quarter. Simplicity Wealth LLC now owns 10,692 shares of the construction company’s stock worth $337,000 after purchasing an additional 836 shares during the period. Blue Trust Inc. raised its position in shares of James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after buying an additional 374 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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. Finally, Allspring Global Investments Holdings LLC grew its position in James Hardie Industries by 155.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,475 shares of the construction company’s stock worth $141,000 after buying an additional 2,726 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

James Hardie Industries Price Performance

Shares of JHX stock opened at $36.60 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. James Hardie Industries plc has a fifty-two week low of $29.88 and a fifty-two week high of $43.57. The firm has a market cap of $15.72 billion, a P/E ratio of 36.46, a P/E/G ratio of 4.70 and a beta of 1.76. The business’s 50 day moving average price is $35.69 and its 200-day moving average price is $34.37.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The business 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%. The company’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 earned $0.41 EPS. On average, equities research analysts anticipate that James Hardie Industries plc will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

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.