Quantinno Capital Management LP Has $2.35 Million Stock Holdings in James Hardie Industries plc (NYSE:JHX)

Quantinno Capital Management LP lifted its position in shares of James Hardie Industries plc (NYSE:JHX - Free Report) by 49.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,576 shares of the construction company's stock after acquiring an additional 19,268 shares during the period. Quantinno Capital Management LP's holdings in James Hardie Industries were worth $2,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of James Hardie Industries by 55.7% during the second 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. Bank of New York Mellon Corp grew its position in James Hardie Industries by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,630 shares of the construction company's stock worth $1,029,000 after purchasing an additional 375 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 purchasing an additional 2,726 shares during the period. Whittier Trust Co. increased its stake in James Hardie Industries by 12.4% in the 2nd quarter. Whittier Trust Co. now owns 20,328 shares of the construction company's stock valued at $641,000 after buying an additional 2,241 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in James Hardie Industries by 144.2% in the 2nd 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 own 7.96% of the company's stock.

James Hardie Industries Stock Performance

NYSE:JHX traded down $0.19 during midday trading on Wednesday, reaching $34.56. The stock had a trading volume of 42,929 shares, compared to its average volume of 74,280. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. The firm's fifty day simple moving average is $35.10 and its 200-day simple moving average is $34.48. The stock has a market capitalization of $14.84 billion, a P/E ratio of 34.45, a PEG ratio of 4.45 and a beta of 1.77. 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 announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $960.80 million for the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts forecast that James Hardie Industries plc will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial assumed coverage on James Hardie Industries in a research note on Tuesday. They issued a "buy" rating and a $45.00 target price on the stock. StockNews.com lowered shares of James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.25.

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.