James Hardie Industries plc (NYSE:JHX) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE raised its stake in James Hardie Industries plc (NYSE:JHX - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 453,206 shares of the construction company's stock after acquiring an additional 73,504 shares during the period. Bank of America Corp DE owned approximately 0.11% of James Hardie Industries worth $13,963,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of JHX. R Squared Ltd bought a new position in James Hardie Industries in the fourth quarter worth approximately $27,000. TD Private Client Wealth LLC boosted its stake in shares of James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after acquiring an additional 303 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of James Hardie Industries in the fourth quarter worth about $55,000. Huntington National Bank grew its holdings in James Hardie Industries by 64.7% in the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock valued at $70,000 after buying an additional 888 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in James Hardie Industries by 262.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock valued at $101,000 after purchasing an additional 2,380 shares during the period. Institutional investors own 7.96% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JHX. Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Bank of America raised James Hardie Industries from an "underperform" rating to a "buy" rating and lowered their price objective for the company from $27.40 to $27.35 in a report on Thursday, March 27th. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday, March 24th. Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th. Finally, Wall Street Zen downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and a consensus target price of $39.12.

James Hardie Industries Stock Down 1.4%

JHX stock traded down $0.34 during trading hours on Friday, reaching $23.42. 2,975,310 shares of the stock were exchanged, compared to its average volume of 676,180. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 6.16 and a beta of 1.80. The firm's 50-day moving average is $23.80 and its 200-day moving average is $29.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. James Hardie Industries plc has a 12 month low of $19.72 and a 12 month high of $43.57.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The company had revenue of $971.50 million for the quarter, compared to the consensus estimate 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 for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. On average, equities research analysts expect that James Hardie Industries plc will post 1.39 earnings per share for the current year.

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.