Bank of New York Mellon Corp Has $1.61 Million Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Bank of New York Mellon Corp raised its stake in James Hardie Industries plc (NYSE:JHX - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,106 shares of the construction company's stock after buying an additional 11,353 shares during the quarter. Bank of New York Mellon Corp's holdings in James Hardie Industries were worth $1,605,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in James Hardie Industries during the fourth quarter worth $25,000. R Squared Ltd bought a new position in shares of James Hardie Industries in the 4th quarter valued at approximately $27,000. Pinpoint Asset Management Ltd acquired a new stake in James Hardie Industries in the 3rd quarter worth approximately $64,000. Wilmington Savings Fund Society FSB bought a new stake in James Hardie Industries during the third quarter worth approximately $71,000. Finally, Blue Trust Inc. grew its holdings in James Hardie Industries by 33.3% during the fourth quarter. Blue Trust Inc. now owns 4,323 shares of the construction company's stock valued at $133,000 after purchasing an additional 1,081 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Stock Performance

Shares of JHX traded up $0.00 on Wednesday, reaching $23.80. 6,189,723 shares of the stock traded hands, compared to its average volume of 165,381. James Hardie Industries plc has a 12 month low of $23.24 and a 12 month high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The stock's 50-day moving average price is $32.18 and its 200-day moving average price is $33.82. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 6.16 and a beta of 1.84.

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James Hardie Industries (NYSE:JHX - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $953.30 million for the quarter, compared to analysts' expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. Equities analysts forecast that James Hardie Industries plc will post 1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JHX has been the topic of several research analyst reports. Raymond James set a $55.00 price target on James Hardie Industries in a research report on Monday. Jefferies Financial Group reaffirmed a "buy" rating on shares of James Hardie Industries in a report on Thursday, January 30th. Truist Financial started coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a "buy" rating and a $45.00 price target for the company. Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Monday. Finally, Macquarie downgraded shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, James Hardie Industries currently has a consensus 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.