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 research note issued to investors on Tuesday morning.

JHX has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial initiated coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

James Hardie Industries Trading Down 3.3 %

NYSE:JHX opened at $31.46 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. James Hardie Industries has a 52 week low of $29.88 and a 52 week high of $43.57. The business’s 50 day moving average is $34.57 and its two-hundred day moving average is $34.55. The company has a market cap of $13.51 billion, a PE ratio of 31.15, a P/E/G ratio of 4.35 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, analysts predict that James Hardie Industries will post 1.47 EPS for the current year.

Hedge Funds Weigh In On James Hardie Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of James Hardie Industries by 55.7% in the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after purchasing an additional 374 shares during the period. GAMMA Investing LLC grew its stake in shares of James Hardie Industries by 46.3% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after acquiring an additional 432 shares in the last quarter. Huntington National Bank acquired a new position in James Hardie Industries in the third quarter valued at about $55,000. Pinpoint Asset Management Ltd bought a new position in shares of James Hardie Industries in the 3rd quarter valued at $64,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in James Hardie Industries during the 3rd quarter worth approximately $71,000. 7.96% of the stock is owned by institutional investors.

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.