Bank of New York Mellon Corp reduced its position in shares of James Hardie Industries plc (NYSE:JHX) by 36.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,536 shares of the construction company’s stock after selling 29,179 shares during the quarter. Bank of New York Mellon Corp’s holdings in James Hardie Industries were worth $711,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new stake in James Hardie Industries during the second quarter worth $575,000. Crossmark Global Holdings Inc. bought a new stake in James Hardie Industries during the third quarter worth $887,000. Parametric Portfolio Associates LLC raised its position in James Hardie Industries by 7.0% during the second quarter. Parametric Portfolio Associates LLC now owns 856,172 shares of the construction company’s stock worth $13,502,000 after acquiring an additional 55,701 shares in the last quarter. PNC Financial Services Group Inc. raised its position in James Hardie Industries by 50.0% during the second quarter. PNC Financial Services Group Inc. now owns 279,278 shares of the construction company’s stock worth $4,403,000 after acquiring an additional 93,054 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in James Hardie Industries by 9.1% during the second quarter. Goldman Sachs Group Inc. now owns 39,069 shares of the construction company’s stock worth $616,000 after acquiring an additional 3,269 shares in the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on JHX. ValuEngine raised shares of James Hardie Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Citigroup raised shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Friday, November 10th.
James Hardie Industries plc (NYSE JHX) opened at $17.10 on Friday. James Hardie Industries plc has a fifty-two week low of $13.55 and a fifty-two week high of $17.95. The company has a market cap of $7,607.46, a price-to-earnings ratio of 11.32 and a beta of 1.24. The company has a debt-to-equity ratio of -3.39, a current ratio of 1.74 and a quick ratio of 1.13.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, February 23rd. Shareholders of record on Wednesday, December 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, December 12th. This represents a dividend yield of 1.28%. James Hardie Industries’s dividend payout ratio is currently 18.54%.
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James Hardie Industries Company Profile
James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.
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