James Hardie Industries (NYSE:JHX) Sets New 52-Week Low – Time to Sell?

James Hardie Industries plc (NYSE:JHX)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $19.85 and last traded at $20.32, with a volume of 283828 shares changing hands. The stock had previously closed at $21.24.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JHX shares. Morgan Stanley raised James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday, March 24th. Macquarie downgraded James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Raymond James set a $55.00 target price on shares of James Hardie Industries in a research report on Monday, March 24th. Finally, Truist Financial set a $45.00 price target on shares of James Hardie Industries in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, James Hardie Industries has an average rating of “Moderate Buy” and an average target price of $42.45.

James Hardie Industries Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The stock has a 50-day moving average price of $30.48 and a 200-day moving average price of $33.11. The firm has a market capitalization of $8.75 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The business had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. On average, research analysts expect that James Hardie Industries plc will post 1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Versant Capital Management Inc acquired a new stake in James Hardie Industries during the 4th quarter worth about $25,000. R Squared Ltd acquired a new position in James Hardie Industries in the 4th quarter worth about $27,000. TD Private Client Wealth LLC raised 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 valued at $30,000 after acquiring an additional 303 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of James Hardie Industries during the 3rd quarter valued at $71,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of James Hardie Industries in the fourth quarter worth about $55,000. 7.96% of the stock is owned by institutional investors and hedge funds.

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.