James Hardie Industries (NYSE:JHX) Upgraded at StockNews.com

StockNews.com upgraded shares of James Hardie Industries (NYSE:JHX) from a hold rating to a buy rating in a report published on Friday morning.

A number of other brokerages have also recently commented on JHX. Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Truist Financial started coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $45.00.

James Hardie Industries Trading Up 1.6 %

NYSE:JHX opened at $29.29 on Friday. James Hardie Industries has a one year low of $28.77 and a one year high of $43.57. The company has a market cap of $12.59 billion, a PE ratio of 29.00, a PEG ratio of 6.16 and a beta of 1.84. The firm has a 50-day moving average of $32.48 and a 200-day moving average of $33.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.

James Hardie Industries (NYSE:JHX) last released its earnings results 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. The firm had revenue of $953.30 million for the quarter, compared to analysts’ expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. As a group, equities research analysts expect that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in James Hardie Industries during the 4th quarter worth approximately $25,000. R Squared Ltd bought a new position in shares of James Hardie Industries in the 4th quarter worth $27,000. TD Private Client Wealth LLC increased its holdings in shares of James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after buying an additional 303 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of James Hardie Industries in the 4th quarter worth $55,000. Finally, Pinpoint Asset Management Ltd bought a new position in shares of James Hardie Industries in the 3rd quarter worth $64,000. Institutional investors 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.