Crossmark Global Holdings Inc. Has $2.09 Million Stock Position in James Hardie Industries plc (NYSE:JHX)

Crossmark Global Holdings Inc. grew its holdings in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 83.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,996 shares of the construction company's stock after purchasing an additional 23,723 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in James Hardie Industries were worth $2,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new stake in shares of James Hardie Industries during the third quarter valued at $2,369,000. Point72 Asset Management L.P. bought a new position in shares of James Hardie Industries in the second quarter worth about $12,162,000. Blue Trust Inc. boosted its stake in shares of James Hardie Industries by 55.7% in the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company's stock valued at $33,000 after purchasing an additional 374 shares in the last quarter. Acadian Asset Management LLC lifted its position in James Hardie Industries by 39.7% during the 1st quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company's stock valued at $12,697,000 after purchasing an additional 89,165 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of James Hardie Industries by 155.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,475 shares of the construction company's stock worth $141,000 after buying an additional 2,726 shares during the period. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Trading Up 8.9 %

JHX stock traded up $2.82 during trading on Wednesday, reaching $34.61. 127,760 shares of the stock were exchanged, compared to its average volume of 74,761. The business has a 50 day moving average price of $35.75 and a 200-day moving average price of $34.40. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 3.64 and a beta of 1.76. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. James Hardie Industries plc has a 1 year low of $29.88 and a 1 year high of $43.57.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (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 36.30%. The company had revenue of $960.80 million for the quarter, compared to analysts' expectations of $973.49 million. During the same period last year, the company earned $0.41 EPS. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. On average, research analysts predict that James Hardie Industries plc will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JHX. JPMorgan Chase & Co. upgraded James Hardie Industries from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a research note on Tuesday.

James Hardie Industries 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.