Whittier Trust Co. Has $112,000 Stake in James Hardie Industries PLC. $JHX

Key Points

• Whittier Trust Co. significantly reduced its stake in James Hardie Industries PLC by 87.2% during Q2, leaving it with holdings worth $112,000.
• Other hedge funds, like Citigroup Inc. and Goldman Sachs Group Inc., made substantial investments in James Hardie, with Citigroup's stake increasing by 59,775.3% in Q1.
• James Hardie Industries recently reported earnings of $0.29 per share, falling short of analyst estimates, while revenue decreased by 9.3% compared to the previous year.

Whittier Trust Co. decreased its holdings in James Hardie Industries PLC. (NYSE:JHX - Free Report) by 87.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,160 shares of the construction company's stock after selling 28,232 shares during the quarter. Whittier Trust Co.'s holdings in James Hardie Industries were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JHX. Citigroup Inc. raised its stake in James Hardie Industries by 59,775.3% in the 1st quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company's stock worth $125,478,000 after purchasing an additional 5,317,017 shares in the last quarter. Wellington Management Group LLP acquired a new stake in James Hardie Industries in the 1st quarter worth about $90,526,000. Massachusetts Financial Services Co. MA acquired a new stake in James Hardie Industries in the 1st quarter worth about $87,858,000. Goldman Sachs Group Inc. raised its stake in James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company's stock worth $63,557,000 after purchasing an additional 1,662,743 shares in the last quarter. Finally, Millennium Management LLC raised its stake in James Hardie Industries by 5,001.3% in the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company's stock worth $23,510,000 after purchasing an additional 978,314 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

Analyst Ratings Changes

JHX has been the subject of several analyst reports. UBS Group restated a "neutral" rating on shares of James Hardie Industries in a research report on Thursday, August 21st. William Blair initiated coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Zacks Research upgraded shares of James Hardie Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, October 20th. Jefferies Financial Group initiated coverage on shares of James Hardie Industries in a research report on Friday, August 8th. They issued a "buy" rating and a $34.00 target price for the company. Finally, CLSA upgraded shares of James Hardie Industries to a "hold" rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, James Hardie Industries presently has a consensus rating of "Moderate Buy" and an average price target of $32.39.

James Hardie Industries Price Performance

JHX stock opened at $22.37 on Friday. The company has a 50 day simple moving average of $20.63 and a 200 day simple moving average of $23.78. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 14.77 and a beta of 1.79. James Hardie Industries PLC. has a 1 year low of $17.85 and a 1 year high of $37.65. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.76 and a quick ratio of 3.31.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The company had revenue of $899.90 million for the quarter, compared to analyst estimates of $982.60 million. James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.James Hardie Industries's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Research analysts anticipate that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal 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.

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