Zions Bancorporation National Association UT Takes Position in James Hardie Industries PLC. (NYSE:JHX)

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in James Hardie Industries PLC, purchasing 27,152 shares valued at approximately $640,000 during the first quarter.
• James Hardie Industries recently reported $0.36 EPS for the quarter, which missed the consensus estimate of $0.37, alongside a revenue of $971.50 million, down 3.3% from the prior year.
• The stock has received mixed analyst ratings, with a consensus rating of "Buy" and a target price of $36.67, despite a recent downgrade to "hold" by Wall Street Zen.

Zions Bancorporation National Association UT acquired a new stake in James Hardie Industries PLC. (NYSE:JHX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 27,152 shares of the construction company's stock, valued at approximately $640,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in shares of James Hardie Industries in the 4th quarter valued at about $55,000. Legal & General Group Plc raised its stake in James Hardie Industries by 98.0% during the 4th quarter. Legal & General Group Plc now owns 5,049 shares of the construction company's stock worth $156,000 after buying an additional 2,499 shares during the period. Russell Investments Group Ltd. raised its stake in James Hardie Industries by 9.5% during the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock worth $161,000 after buying an additional 453 shares during the period. Versant Capital Management Inc raised its stake in James Hardie Industries by 854.5% during the 1st quarter. Versant Capital Management Inc now owns 7,875 shares of the construction company's stock worth $186,000 after buying an additional 7,050 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in James Hardie Industries by 672.7% during the 1st quarter. AdvisorNet Financial Inc now owns 8,500 shares of the construction company's stock worth $200,000 after buying an additional 7,400 shares during the period. 7.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JHX has been the topic of a number of research reports. Wall Street Zen downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Robert W. Baird initiated coverage on James Hardie Industries in a research note on Friday, July 11th. They set an "outperform" rating and a $32.00 price target on the stock. Jefferies Financial Group initiated coverage on James Hardie Industries in a research note on Friday. They set a "buy" rating and a $34.00 price target on the stock. Baird R W raised James Hardie Industries to a "strong-buy" rating in a research note on Friday, July 11th. Finally, William Blair assumed coverage on James Hardie Industries in a research note on Friday, June 27th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, James Hardie Industries presently has a consensus rating of "Buy" and a consensus target price of $36.67.

James Hardie Industries Stock Performance

Shares of James Hardie Industries stock opened at $28.26 on Friday. The company has a market cap of $12.15 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.88 and a beta of 1.74. James Hardie Industries PLC. has a 52 week low of $19.72 and a 52 week high of $43.57. The business has a 50 day moving average price of $26.63 and a 200-day moving average price of $27.12. The company has a quick ratio of 1.67, a current ratio of 2.10 and a debt-to-equity ratio of 0.51.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $971.50 million during the quarter, compared to analysts' expectations of $983.86 million. James Hardie Industries had a return on equity of 31.52% and a net margin of 10.94%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.61 earnings per share. Equities analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share 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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