Zions Bancorporation N.A. Buys 9,447 Shares of James Hardie Industries plc (NYSE:JHX)

Zions Bancorporation N.A. lifted its stake in shares of James Hardie Industries plc (NYSE:JHX) by 1,904.6% during the third quarter, HoldingsChannel.com reports. The fund owned 9,943 shares of the construction company’s stock after buying an additional 9,447 shares during the quarter. Zions Bancorporation N.A.’s holdings in James Hardie Industries were worth $399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JHX. Blue Trust Inc. grew its stake in James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after purchasing an additional 374 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after buying an additional 432 shares during the period. Huntington National Bank bought a new position in shares of James Hardie Industries during the 3rd quarter worth $55,000. Allspring Global Investments Holdings LLC bought a new position in shares of James Hardie Industries during the 1st quarter worth $71,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of James Hardie Industries during the second quarter valued at $66,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Up 2.8 %

Shares of NYSE JHX opened at $36.15 on Friday. James Hardie Industries plc has a 1-year low of $29.88 and a 1-year high of $43.57. The business has a fifty day moving average price of $35.68 and a 200 day moving average price of $34.41. The stock has a market capitalization of $15.52 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 3.93 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.44.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings results on Tuesday, November 12th. 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 11.16% and a return on equity of 36.30%. The business had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Equities research analysts expect that James Hardie Industries plc will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JHX has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.