James Hardie Industries (NYSE:JHX) Stock Rating Lowered by StockNews.com

James Hardie Industries (NYSE:JHX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other research analysts have also recently weighed in on JHX. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, Truist Financial began coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, James Hardie Industries has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

James Hardie Industries Stock Up 0.9 %

JHX opened at $31.76 on Friday. James Hardie Industries has a fifty-two week low of $29.88 and a fifty-two week high of $43.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18. The company has a fifty day moving average of $32.43 and a two-hundred day moving average of $34.42. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 6.16 and a beta of 1.81.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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. On average, research analysts expect that James Hardie Industries will post 1.39 earnings per share for the current year.

Institutional Trading of James Hardie Industries

Institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC boosted its position in James Hardie Industries by 45.3% during the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after acquiring an additional 303 shares during the last quarter. Franklin Resources Inc. boosted its position in James Hardie Industries by 4.4% during the third quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after acquiring an additional 359 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in James Hardie Industries by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after acquiring an additional 420 shares during the last quarter. Sanctuary Advisors LLC boosted its position in James Hardie Industries by 2.5% during the fourth quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock worth $616,000 after acquiring an additional 433 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in James Hardie Industries by 9.5% during the fourth quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock worth $161,000 after acquiring an additional 453 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Company 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.