Boston Common Asset Management LLC Boosts Holdings in James Hardie Industries plc (NYSE:JHX)

Boston Common Asset Management LLC increased its stake in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 28.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,297 shares of the construction company's stock after buying an additional 14,248 shares during the period. Boston Common Asset Management LLC's holdings in James Hardie Industries were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in James Hardie Industries by 20.0% during the fourth quarter. Lazard Asset Management LLC now owns 964,583 shares of the construction company's stock worth $29,718,000 after purchasing an additional 161,059 shares in the last quarter. Bank of America Corp DE boosted its position in shares of James Hardie Industries by 19.4% in the 4th quarter. Bank of America Corp DE now owns 453,206 shares of the construction company's stock worth $13,963,000 after buying an additional 73,504 shares in the last quarter. Northern Trust Corp boosted its position 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 worth $11,528,000 after buying an additional 161,899 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of James Hardie Industries by 10.3% in the 4th quarter. Natixis Advisors LLC now owns 190,243 shares of the construction company's stock worth $5,861,000 after buying an additional 17,783 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of James Hardie Industries by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 122,127 shares of the construction company's stock valued at $3,763,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JHX. Bank of America raised shares of James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their price target for the company from $27.40 to $27.35 in a report on Thursday, March 27th. Truist Financial reduced their target price on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Raymond James set a $55.00 price objective on James Hardie Industries in a research report on Monday, March 24th. Macquarie downgraded James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday, March 24th. Finally, Wall Street Zen lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $39.12.

James Hardie Industries Trading Up 1.3%

Shares of JHX traded up $0.29 on Friday, hitting $23.30. 8,010,294 shares of the stock traded hands, compared to its average volume of 761,741. James Hardie Industries plc has a 1 year low of $19.72 and a 1 year high of $43.57. The firm has a market capitalization of $10.02 billion, a P/E ratio of 23.07, a P/E/G ratio of 6.16 and a beta of 1.80. The stock's 50 day moving average is $23.35 and its two-hundred day moving average is $29.56. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $971.50 million for the quarter, compared to analysts' expectations of $983.86 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The company's revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 earnings per share. As a group, sell-side analysts predict that James Hardie Industries plc will post 1.39 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.