James Hardie Industries (NYSE:JHX) Earns “Buy” Rating from Jefferies Financial Group

James Hardie Industries (NYSE:JHX)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a note issued to investors on Thursday,Benzinga reports.

A number of other equities analysts have also weighed in on JHX. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Finally, Truist Financial began 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

James Hardie Industries Stock Performance

Shares of JHX traded up $0.68 during trading hours on Thursday, hitting $34.04. The stock had a trading volume of 106,636 shares, compared to its average volume of 117,686. James Hardie Industries has a 12 month low of $29.88 and a 12 month high of $43.57. The stock has a fifty day moving average price of $33.50 and a 200 day moving average price of $34.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. The firm has a market capitalization of $14.63 billion, a PE ratio of 33.70, a PEG ratio of 4.70 and a beta of 1.80.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JHX. Versant Capital Management Inc bought a new stake in shares of James Hardie Industries in the fourth quarter worth about $25,000. R Squared Ltd purchased a new stake in shares of James Hardie Industries during the 4th quarter worth approximately $27,000. GAMMA Investing LLC boosted its position in shares of James Hardie Industries by 46.3% during the 3rd 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 during the last quarter. Huntington National Bank purchased a new position in shares of James Hardie Industries in the 3rd quarter worth $55,000. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of James Hardie Industries in the 3rd quarter worth about $64,000. Institutional investors 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.