US Bancorp DE lessened its position in James Hardie Industries plc (NYSE:JHX) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,306 shares of the construction company’s stock after selling 764 shares during the quarter. US Bancorp DE’s holdings in James Hardie Industries were worth $189,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in JHX. Parametric Portfolio Associates LLC lifted its holdings in James Hardie Industries by 16.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,050,835 shares of the construction company’s stock valued at $13,524,000 after buying an additional 148,167 shares in the last quarter. Northern Trust Corp lifted its holdings in James Hardie Industries by 2.9% during the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock valued at $5,759,000 after buying an additional 12,173 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in James Hardie Industries by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock valued at $4,290,000 after buying an additional 10,400 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in James Hardie Industries by 40.1% during the 1st quarter. Bank of Montreal Can now owns 8,208 shares of the construction company’s stock valued at $106,000 after buying an additional 2,350 shares in the last quarter. Institutional investors own 0.66% of the company’s stock.
JHX traded down $0.09 on Thursday, reaching $16.17. 97 shares of the company traded hands, compared to its average volume of 8,645. James Hardie Industries plc has a one year low of $10.00 and a one year high of $16.90. The firm has a fifty day simple moving average of $15.91 and a two-hundred day simple moving average of $13.86. The company has a market cap of $7.43 billion, a P/E ratio of 31.72 and a beta of 0.74. The company has a quick ratio of 0.69, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.
JHX has been the subject of a number of research analyst reports. TheStreet upgraded shares of James Hardie Industries from a “c+” rating to a “b” rating in a report on Friday, August 23rd. UBS Group upgraded shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada initiated coverage on shares of James Hardie Industries in a report on Thursday, August 29th. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold”.
James Hardie Industries Profile
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.
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