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

James Hardie Industries (NYSE:JHX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Finally, Truist Financial began coverage on James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, James Hardie Industries presently has a consensus rating of “Buy” and an average price target of $45.00.

James Hardie Industries Trading Down 0.5 %

Shares of NYSE:JHX traded down $0.15 during mid-day trading on Thursday, reaching $32.50. 53,849 shares of the company were exchanged, compared to its average volume of 94,608. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 4.57 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. James Hardie Industries has a 1 year low of $29.88 and a 1 year high of $43.57. The firm’s 50-day simple moving average is $32.57 and its 200 day simple moving average is $34.46.

James Hardie Industries (NYSE:JHX) last issued 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 return on equity of 34.42% and a net margin of 11.15%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. Equities research analysts forecast that James Hardie Industries will post 1.4 EPS for the current year.

Institutional Trading of James Hardie Industries

Several hedge funds have recently added to or reduced their stakes in JHX. Versant Capital Management Inc purchased a new stake in shares of James Hardie Industries in the 4th quarter valued at approximately $25,000. R Squared Ltd purchased a new position in James Hardie Industries in the fourth quarter valued at $27,000. TD Private Client Wealth LLC increased its holdings in James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock valued at $30,000 after buying an additional 303 shares during the last quarter. Huntington National Bank acquired a new stake in James Hardie Industries in the third quarter valued at $55,000. Finally, Aquatic Capital Management LLC purchased a new stake in James Hardie Industries during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

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.