Zions Bancorporation N.A. Raises Stock Position in James Hardie Industries plc (NYSE:JHX)

Zions Bancorporation N.A. increased its holdings in James Hardie Industries plc (NYSE:JHX - Free Report) by 141.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 24,044 shares of the construction company's stock after buying an additional 14,101 shares during the quarter. Zions Bancorporation N.A.'s holdings in James Hardie Industries were worth $741,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in shares of James Hardie Industries by 10.3% in the fourth quarter. Natixis Advisors LLC now owns 190,243 shares of the construction company's stock worth $5,861,000 after buying an additional 17,783 shares during the last quarter. FMR LLC boosted its stake in shares of James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company's stock worth $6,435,000 after acquiring an additional 29,401 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of James Hardie Industries by 49.0% during the 3rd quarter. Quantinno Capital Management LP now owns 58,576 shares of the construction company's stock valued at $2,352,000 after acquiring an additional 19,268 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of James Hardie Industries by 0.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company's stock worth $1,615,000 after purchasing an additional 420 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in James Hardie Industries by 27.9% in the 4th quarter. Bank of New York Mellon Corp now owns 52,106 shares of the construction company's stock worth $1,605,000 after purchasing an additional 11,353 shares during the period. Hedge funds and other institutional investors own 7.96% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on JHX. Raymond James set a $55.00 price objective on James Hardie Industries in a research note on Monday, March 24th. Morgan Stanley upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. Jefferies Financial Group reaffirmed a "buy" rating on shares of James Hardie Industries in a report on Thursday, January 30th. Macquarie downgraded shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. Finally, Truist Financial assumed coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a "buy" rating and a $45.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.45.

James Hardie Industries Trading Down 2.8 %

JHX traded down $0.67 on Monday, hitting $23.58. The company had a trading volume of 4,284,569 shares, compared to its average volume of 235,870. The business's fifty day simple moving average is $31.41 and its 200 day simple moving average is $33.49. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. James Hardie Industries plc has a 12-month low of $23.23 and a 12-month high of $43.57. The company has a market cap of $10.13 billion, a PE ratio of 23.34, a PEG ratio of 6.16 and a beta of 1.84.

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

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.