Pathstone Holdings LLC Raises Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Pathstone Holdings LLC raised its position in shares of James Hardie Industries plc (NYSE:JHX) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,798 shares of the construction company’s stock after buying an additional 2,060 shares during the quarter. Pathstone Holdings LLC’s holdings in James Hardie Industries were worth $1,678,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its position 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 valued at $33,000 after acquiring an additional 374 shares during the period. GAMMA Investing LLC lifted its holdings 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 valued at $55,000 after purchasing an additional 432 shares during the last quarter. Huntington National Bank bought a new stake in shares of James Hardie Industries in the 3rd quarter worth approximately $55,000. Cubist Systematic Strategies LLC purchased a new stake in shares of James Hardie Industries in the 2nd quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in James Hardie Industries by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,828 shares of the construction company’s stock valued at $89,000 after buying an additional 1,670 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

JHX stock opened at $36.60 on Thursday. The stock’s 50 day simple moving average is $35.69 and its 200 day simple moving average is $34.37. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a 12-month low of $29.88 and a 12-month high of $43.57. The stock has a market capitalization of $15.72 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 4.70 and a beta of 1.76.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The firm had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $973.49 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that James Hardie Industries plc will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

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.