James Hardie Industries plc (NYSE:JHX) Stock Holdings Lowered by Ethic Inc.

Ethic Inc. cut its holdings in James Hardie Industries plc (NYSE:JHX - Free Report) by 24.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,025 shares of the construction company's stock after selling 19,903 shares during the period. Ethic Inc.'s holdings in James Hardie Industries were worth $1,880,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of JHX. Northern Trust Corp boosted its holdings in shares of James Hardie Industries by 76.3% in the 4th quarter. Northern Trust Corp now owns 374,164 shares of the construction company's stock valued at $11,528,000 after buying an additional 161,899 shares during the period. Bank of America Corp DE boosted its stake in James Hardie Industries by 19.4% during the 4th quarter. Bank of America Corp DE now owns 453,206 shares of the construction company's stock valued at $13,963,000 after purchasing an additional 73,504 shares during the period. Jane Street Group LLC boosted its stake in James Hardie Industries by 184.4% during the 4th quarter. Jane Street Group LLC now owns 86,531 shares of the construction company's stock valued at $2,666,000 after purchasing an additional 56,104 shares during the period. ABC Arbitrage SA acquired a new position in James Hardie Industries during the 4th quarter valued at about $1,457,000. Finally, Raymond James Financial Inc. acquired a new position in James Hardie Industries during the 4th quarter valued at about $1,100,000. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Price Performance

Shares of NYSE:JHX traded down $0.16 during trading on Friday, reaching $25.18. The company had a trading volume of 2,556,410 shares, compared to its average volume of 611,879. The firm's fifty day moving average is $24.56 and its 200 day moving average is $30.15. The firm has a market capitalization of $10.82 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. James Hardie Industries plc has a twelve month low of $19.72 and a twelve month high of $43.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The company had revenue of $953.30 million during the quarter, compared to analyst estimates of $967.63 million. On average, equities analysts forecast that James Hardie Industries plc will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JHX shares. Truist Financial set a $45.00 target price on shares of James Hardie Industries in a research note on Monday, March 24th. Bank of America raised shares of James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their target price for the company from $27.40 to $27.35 in a research note on Thursday, March 27th. StockNews.com raised shares of James Hardie Industries from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. Raymond James set a $55.00 target price on shares of James Hardie Industries in a research note on Monday, March 24th. Finally, Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and a consensus target price of $42.45.

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.