PDS Planning Inc Buys Shares of 6,361 James Hardie Industries plc (NYSE:JHX)

PDS Planning Inc purchased a new position in shares of James Hardie Industries plc (NYSE:JHX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,361 shares of the construction company’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its holdings in James Hardie Industries by 55.7% during the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after acquiring an additional 374 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of James Hardie Industries by 693.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,012 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after purchasing an additional 432 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in James Hardie Industries in the first quarter valued at about $71,000. Finally, Cubist Systematic Strategies LLC acquired a new position in James Hardie Industries in the second quarter valued at about $66,000. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Price Performance

Shares of JHX stock opened at $32.34 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a 12-month low of $26.40 and a 12-month high of $43.57. The firm has a fifty day moving average of $36.33 and a 200-day moving average of $34.52. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 3.58 and a beta of 1.76.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, August 13th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $991.90 million during the quarter, compared to the consensus estimate of $1.01 billion. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that James Hardie Industries plc will post 1.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

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.