Zions Bancorporation N.A. Increases Stake in James Hardie Industries plc (NYSE:JHX)

Zions Bancorporation N.A. raised its holdings in shares of James Hardie Industries plc (NYSE:JHX) by 141.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,044 shares of the construction company’s stock after acquiring an additional 14,101 shares during the quarter. Zions Bancorporation N.A.’s holdings in James Hardie Industries were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in James Hardie Industries during the fourth quarter valued at $25,000. R Squared Ltd bought a new position in shares of James Hardie Industries in the fourth quarter worth about $27,000. TD Private Client Wealth LLC lifted its position in shares of 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 valued at $30,000 after buying an additional 303 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of James Hardie Industries during the 3rd quarter valued at approximately $64,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in James Hardie Industries in the 3rd quarter worth approximately $71,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

Shares of NYSE JHX opened at $23.80 on Thursday. The firm’s fifty day moving average is $32.00 and its two-hundred day moving average is $33.75. James Hardie Industries plc has a 52-week low of $23.23 and a 52-week high of $43.57. The company has a market cap of $10.23 billion, a P/E ratio of 23.57, a P/E/G ratio of 6.16 and a beta of 1.84. 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) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The company had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. As a group, analysts anticipate that James Hardie Industries plc will post 1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

JHX has been the topic of several analyst reports. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Macquarie lowered James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Finally, Truist Financial initiated coverage on James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, James Hardie Industries has an average rating of “Moderate Buy” and an average price target of $50.00.

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.