Whittier Trust Co. Sells 28,232 Shares of James Hardie Industries PLC. $JHX

Whittier Trust Co. trimmed its holdings in shares of James Hardie Industries PLC. (NYSE:JHX) by 87.2% during the second quarter, HoldingsChannel reports. The fund owned 4,160 shares of the construction company’s stock after selling 28,232 shares during the quarter. Whittier Trust Co.’s holdings in James Hardie Industries were worth $112,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in James Hardie Industries by 70.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock worth $30,000 after acquiring an additional 455 shares during the last quarter. SVB Wealth LLC bought a new stake in James Hardie Industries during the 1st quarter worth approximately $57,000. Hilltop National Bank bought a new stake in James Hardie Industries during the 2nd quarter worth approximately $68,000. Smartleaf Asset Management LLC grew its holdings in James Hardie Industries by 12.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company’s stock worth $89,000 after acquiring an additional 397 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in James Hardie Industries by 49.0% during the 1st quarter. Russell Investments Group Ltd. now owns 7,776 shares of the construction company’s stock worth $183,000 after acquiring an additional 2,556 shares during the last quarter. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Stock Up 1.7%

James Hardie Industries stock opened at $22.37 on Friday. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. James Hardie Industries PLC. has a 12-month low of $17.85 and a 12-month high of $37.65. The firm’s fifty day moving average is $20.63 and its 200 day moving average is $23.78. The company has a market capitalization of $9.61 billion, a PE ratio of 29.05, a PEG ratio of 14.77 and a beta of 1.79.

James Hardie Industries (NYSE:JHX) last released its earnings results on Tuesday, August 19th. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The company had revenue of $899.90 million for the quarter, compared to analyst estimates of $982.60 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on JHX shares. Wolfe Research started coverage on shares of James Hardie Industries in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $25.00 price objective on the stock. Jefferies Financial Group started coverage on shares of James Hardie Industries in a research note on Friday, August 8th. They issued a “buy” rating and a $34.00 price objective on the stock. Truist Financial upped their price objective on shares of James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Baird R W raised shares of James Hardie Industries to a “strong-buy” rating in a research note on Friday, July 11th. Finally, Macquarie raised shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, James Hardie Industries presently has an average rating of “Moderate Buy” and a consensus price target of $32.39.

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.