James Hardie Industries PLC. (NYSE:JHX) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts rate James Hardie Industries a “Moderate Buy”: Nine of 11 analysts recommend buying the stock, while two advise holding it. The average 12-month price target is $32.50.
• Several brokerages recently raised their price targets, including Truist Financial to $40, Oppenheimer to $36, and Barclays to $35, reflecting increasingly positive sentiment.
• Quarterly results exceeded expectations: James Hardie reported earnings of $0.36 per share versus the $0.32 consensus estimate, while revenue reached $1.47 billion, up 63.9% year over year.

James Hardie Industries PLC. (NYSE:JHX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.50.

A number of research analysts have commented on JHX shares. Oppenheimer boosted their target price on James Hardie Industries from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Stephens raised their price target on shares of James Hardie Industries from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Zacks Research raised shares of James Hardie Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Barclays upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, August 10th. Finally, Truist Financial raised their price objective on James Hardie Industries from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, August 7th.

Hedge Funds Weigh In On James Hardie Industries

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of James Hardie Industries by 14.7% in the first quarter. Blue Trust Inc. now owns 6,890 shares of the construction company's stock valued at $130,000 after acquiring an additional 884 shares during the last quarter. Xponance LLC lifted its holdings in shares of James Hardie Industries by 5.7% during the fourth quarter. Xponance LLC now owns 16,879 shares of the construction company's stock worth $350,000 after buying an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of James Hardie Industries by 16.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company's stock valued at $139,000 after acquiring an additional 936 shares during the period. Osaic Holdings Inc. grew its stake in shares of James Hardie Industries by 67.1% in the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company's stock valued at $67,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in James Hardie Industries by 46.5% during the first quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company's stock worth $86,000 after acquiring an additional 1,439 shares during the period. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Up 0.1%

Shares of NYSE:JHX opened at $29.95 on Monday. The company has a 50 day moving average of $27.36 and a two-hundred day moving average of $23.75. James Hardie Industries has a 52-week low of $16.46 and a 52-week high of $31.35. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 119.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.77. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the prior year, the firm earned $0.29 EPS. The business's quarterly revenue was up 63.9% on a year-over-year basis. As a group, analysts forecast that James Hardie Industries will post 1.41 earnings per share for the current fiscal year.

James Hardie Industries Company Profile

James Hardie Industries plc NYSE: JHX is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company's flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.

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