James Hardie Industries plc (NYSE:JHX) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC trimmed its holdings in James Hardie Industries plc (NYSE:JHX) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,867 shares of the construction company’s stock after selling 2,247 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in James Hardie Industries were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in James Hardie Industries by 156.8% during the third quarter. JPMorgan Chase & Co. now owns 12,327 shares of the construction company’s stock worth $495,000 after purchasing an additional 7,526 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of James Hardie Industries by 14.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 9,007 shares of the construction company’s stock worth $278,000 after buying an additional 1,115 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of James Hardie Industries by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock valued at $1,615,000 after buying an additional 420 shares during the period. Janney Montgomery Scott LLC raised its position in shares of James Hardie Industries by 35.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,743 shares of the construction company’s stock valued at $393,000 after buying an additional 3,334 shares during the period. Finally, Blue Trust Inc. lifted its holdings in James Hardie Industries by 33.3% in the fourth quarter. Blue Trust Inc. now owns 4,323 shares of the construction company’s stock valued at $133,000 after acquiring an additional 1,081 shares during the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JHX has been the topic of a number of recent analyst reports. Macquarie cut shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research report on Monday, March 24th. Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Bank of America upgraded shares of James Hardie Industries from an “underperform” rating to a “buy” rating and dropped their target price for the company from $27.40 to $27.35 in a report on Thursday, March 27th. Truist Financial set a $45.00 price target on James Hardie Industries in a research note on Monday, March 24th. Finally, Morgan Stanley raised James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 24th. One equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.45.

James Hardie Industries Trading Down 1.3%

Shares of JHX stock opened at $25.61 on Thursday. James Hardie Industries plc has a fifty-two week low of $19.72 and a fifty-two week high of $43.57. The company has a 50 day moving average price of $24.82 and a 200 day moving average price of $30.29. The stock has a market capitalization of $11.01 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The company had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. Equities research analysts predict that James Hardie Industries plc will post 1.39 EPS for the current fiscal 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.