Boston Common Asset Management LLC Sells 5,479 Shares of James Hardie Industries plc (NYSE:JHX)

Boston Common Asset Management LLC reduced its stake in James Hardie Industries plc (NYSE:JHX) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,049 shares of the construction company’s stock after selling 5,479 shares during the period. Boston Common Asset Management LLC’s holdings in James Hardie Industries were worth $1,542,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of James Hardie Industries during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC lifted its holdings in shares of James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after purchasing an additional 432 shares during the last quarter. Huntington National Bank purchased a new position in shares of James Hardie Industries during the third quarter valued at approximately $55,000. Pinpoint Asset Management Ltd purchased a new position in shares of James Hardie Industries during the third quarter valued at approximately $64,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of James Hardie Industries during the second quarter valued at approximately $66,000. 7.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price for the company. StockNews.com lowered shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, James Hardie Industries currently has a consensus rating of “Hold” and a consensus price target of $40.25.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $33.82 on Friday. James Hardie Industries plc has a twelve month low of $29.88 and a twelve month high of $43.57. The firm has a market cap of $14.53 billion, a P/E ratio of 33.48, a PEG ratio of 3.87 and a beta of 1.80. The company has a 50 day moving average of $33.60 and a 200 day moving average of $34.56. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, research analysts expect that James Hardie Industries plc will post 1.47 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.