Shares of James Hardie Industries plc (NYSE:JHX) reached a new 52-week high during trading on Monday . The stock traded as high as $16.90 and last traded at $16.81, with a volume of 11551 shares changing hands. The stock had previously closed at $16.71.
Several research firms have commented on JHX. TheStreet raised shares of James Hardie Industries from a “c+” rating to a “b” rating in a report on Friday, August 23rd. UBS Group raised shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada began coverage on shares of James Hardie Industries in a report on Thursday, August 29th. They issued an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. James Hardie Industries currently has an average rating of “Hold”.
The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.69 and a current ratio of 1.18. The stock has a market capitalization of $7.42 billion, a P/E ratio of 31.64 and a beta of 0.77. The firm’s fifty day simple moving average is $15.70 and its 200 day simple moving average is $13.77.
James Hardie Industries (NYSE:JHX) last released its earnings results on Thursday, August 8th. The construction company reported $0.20 EPS for the quarter. James Hardie Industries had a net margin of 8.94% and a return on equity of 24.50%. The firm had revenue of $656.80 million for the quarter.
Hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in James Hardie Industries by 40.1% in the 1st quarter. Bank of Montreal Can now owns 8,208 shares of the construction company’s stock valued at $106,000 after buying an additional 2,350 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of James Hardie Industries by 15.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 17,407 shares of the construction company’s stock valued at $229,000 after purchasing an additional 2,392 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of James Hardie Industries by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock valued at $4,290,000 after purchasing an additional 10,400 shares during the last quarter. Northern Trust Corp grew its holdings in shares of James Hardie Industries by 2.9% during the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock valued at $5,759,000 after purchasing an additional 12,173 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of James Hardie Industries by 16.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,050,835 shares of the construction company’s stock valued at $13,524,000 after purchasing an additional 148,167 shares during the last quarter. 0.66% of the stock is currently owned by hedge funds and other institutional investors.
About James Hardie Industries (NYSE:JHX)
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.
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