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

StockNews.com cut shares of James Hardie Industries (NYSE:JHX) from a buy rating to a hold rating in a research note released on Wednesday.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Truist Financial initiated coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, James Hardie Industries presently has a consensus rating of “Hold” and a consensus target price of $40.25.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $31.44 on Wednesday. The company has a market cap of $13.50 billion, a PE ratio of 31.13, a PEG ratio of 4.27 and a beta of 1.77. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries has a 1 year low of $29.88 and a 1 year high of $43.57. The company’s 50-day moving average is $34.00 and its two-hundred day moving average is $34.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The business had revenue of $960.80 million for the quarter, compared to analyst estimates of $973.49 million. During the same period in the prior year, the business posted $0.41 earnings per share. James Hardie Industries’s revenue was down 3.8% compared to the same quarter last year. Equities analysts anticipate that James Hardie Industries will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On James Hardie Industries

Institutional investors have recently modified their holdings of the business. M&T Bank Corp acquired a new stake in shares of James Hardie Industries in the 3rd quarter valued at about $293,000. Cerity Partners LLC raised its position in James Hardie Industries by 58.8% in the 3rd quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock valued at $1,517,000 after buying an additional 13,981 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in James Hardie Industries in the 3rd quarter valued at approximately $2,369,000. FMR LLC boosted its position in James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after acquiring an additional 29,401 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of James Hardie Industries by 317.2% during the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock worth $6,924,000 after acquiring an additional 131,120 shares in the last quarter. 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.