James Hardie Industries plc (NYSE:JHX) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 76.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 374,164 shares of the construction company's stock after purchasing an additional 161,899 shares during the quarter. Northern Trust Corp owned about 0.09% of James Hardie Industries worth $11,528,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in James Hardie Industries during the fourth quarter worth about $27,000. TD Private Client Wealth LLC raised its stake in James Hardie Industries by 45.3% during the 4th 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 period. Aquatic Capital Management LLC bought a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $55,000. Huntington National Bank grew its holdings in shares of James Hardie Industries by 64.7% in the fourth quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock valued at $70,000 after purchasing an additional 888 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.

James Hardie Industries Price Performance

Shares of NYSE:JHX traded down $0.12 during midday trading on Thursday, reaching $23.76. 3,050,310 shares of the company's stock traded hands, compared to its average volume of 662,516. The company has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $29.97. James Hardie Industries plc has a 1 year low of $19.72 and a 1 year high of $43.57. The company has a market cap of $10.21 billion, a P/E ratio of 23.52, a PEG ratio of 6.16 and a beta of 1.80. 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 announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The firm had revenue of $971.50 million during the quarter, compared to analysts' expectations of $983.86 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 EPS. Equities analysts predict that James Hardie Industries plc will post 1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on JHX. Morgan Stanley upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Monday, March 24th. Macquarie downgraded shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a report on Thursday, January 30th. Truist Financial cut their price objective on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Wall Street Zen downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.12.

James Hardie Industries 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.