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James Hardie Industries plc (NYSE:JHX – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.80.
Several equities analysts recently issued reports on the company. TheStreet downgraded James Hardie Industries from a “b-” rating to a “c+” rating in a research report on Monday, November 21st. Bank of America assumed coverage on James Hardie Industries in a report on Thursday, September 29th. They issued a “buy” rating and a $29.80 price objective on the stock. Royal Bank of Canada downgraded James Hardie Industries from an “outperform” rating to a “sector perform” rating in a report on Tuesday, November 8th. Jefferies Financial Group downgraded shares of James Hardie Industries from a “buy” rating to an “underperform” rating in a report on Thursday, November 10th. Finally, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, December 9th.
James Hardie Industries Stock Up 2.6 %
Shares of JHX stock opened at $17.93 on Friday. The stock’s fifty day moving average price is $19.85 and its 200 day moving average price is $21.70. James Hardie Industries has a 1-year low of $17.25 and a 1-year high of $41.64. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.41 and a quick ratio of 0.94.
James Hardie Industries (NYSE:JHX – Get Rating) last issued its quarterly earnings results on Monday, November 7th. The construction company reported $0.39 earnings per share for the quarter. James Hardie Industries had a return on equity of 48.94% and a net margin of 13.40%. The business had revenue of $997.60 million for the quarter. On average, research analysts expect that James Hardie Industries will post 1.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in JHX. Advisor Group Holdings Inc. raised its holdings in James Hardie Industries by 150.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after buying an additional 1,486 shares during the period. JPMorgan Chase & Co. increased its position in shares of James Hardie Industries by 28.0% during the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after acquiring an additional 640 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of James Hardie Industries by 50.5% in the 1st quarter. Natixis Advisors L.P. now owns 27,726 shares of the construction company’s stock valued at $836,000 after acquiring an additional 9,305 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of James Hardie Industries by 0.4% in the 1st quarter. Acadian Asset Management LLC now owns 120,199 shares of the construction company’s stock worth $3,619,000 after acquiring an additional 486 shares during the last quarter. Finally, Freestone Capital Holdings LLC acquired a new position in shares of James Hardie Industries in the 1st quarter worth approximately $340,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.
About James Hardie Industries
James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada.
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