Cerity Partners LLC Grows Holdings in James Hardie Industries plc (NYSE:JHX)

Cerity Partners LLC boosted its position in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 58.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,771 shares of the construction company's stock after buying an additional 13,981 shares during the quarter. Cerity Partners LLC's holdings in James Hardie Industries were worth $1,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JHX. Blue Trust Inc. lifted its stake in shares of James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company's stock worth $33,000 after buying an additional 374 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of James Hardie Industries by 46.3% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company's stock worth $55,000 after buying an additional 432 shares in the last quarter. Huntington National Bank purchased a new position in shares of James Hardie Industries in the third quarter worth about $55,000. Cubist Systematic Strategies LLC purchased a new position in shares of James Hardie Industries in the second quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of James Hardie Industries by 144.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,828 shares of the construction company's stock worth $89,000 after buying an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Stock Down 1.4 %

Shares of JHX stock traded down $0.50 during trading on Wednesday, reaching $36.09. The company's stock had a trading volume of 67,644 shares, compared to its average volume of 74,691. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. James Hardie Industries plc has a 1-year low of $29.88 and a 1-year high of $43.57. The company has a market capitalization of $15.50 billion, a price-to-earnings ratio of 36.32, a P/E/G ratio of 4.64 and a beta of 1.77. The stock's 50-day moving average price is $35.47 and its 200 day moving average price is $34.37.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company 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 posted $0.41 EPS. The firm's revenue was down 3.8% on a year-over-year basis. On average, research analysts anticipate that James Hardie Industries plc will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JHX shares. StockNews.com raised shares of James Hardie Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 6th.

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.