James Hardie Industries PLC. (NYSE:JHX) Stock Has Consensus Price Target of $33.89 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on James Hardie Industries, with 10 buy ratings, one hold and one sell. The average 12-month price target is $33.89, above the stock’s reported price of $25.61.
• Recent analyst actions were generally positive, including Barclays upgrading the stock to “overweight” with a $35 target, while Robert W. Baird reduced its target to $32 and maintained an “outperform” rating.
• James Hardie reported quarterly EPS of $0.36 versus the $0.32 consensus estimate and revenue of $1.47 billion, up 63.9% year over year. Institutional investors own approximately 7.96% of the company.

Shares of James Hardie Industries PLC. (NYSE:JHX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $33.89.

A number of brokerages have weighed in on JHX. Stephens boosted their target price on James Hardie Industries from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Robert W. Baird dropped their price target on shares of James Hardie Industries from $34.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, October 13th. UBS Group reiterated a "buy" rating on shares of James Hardie Industries in a research note on Wednesday, September 16th. Zacks Research lowered shares of James Hardie Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 6th. Finally, Barclays raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $26.00 to $35.00 in a report on Monday, August 10th.

Institutional Investors Weigh In On James Hardie Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHX. Fairvoy Private Wealth LLC bought a new position in shares of James Hardie Industries in the 3rd quarter worth approximately $1,097,000. Breakwater Capital Group boosted its holdings in shares of James Hardie Industries by 45.1% in the third quarter. Breakwater Capital Group now owns 15,135 shares of the construction company's stock worth $383,000 after buying an additional 4,705 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of James Hardie Industries by 21.9% in the third quarter. GAMMA Investing LLC now owns 4,384 shares of the construction company's stock worth $111,000 after buying an additional 787 shares during the last quarter. Green Alpha Advisors LLC grew its position in James Hardie Industries by 61.9% during the third quarter. Green Alpha Advisors LLC now owns 33,763 shares of the construction company's stock valued at $855,000 after buying an additional 12,912 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in James Hardie Industries during the second quarter valued at approximately $196,000. Hedge funds and other institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Down 0.8%

JHX stock opened at $25.61 on Tuesday. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $31.43. The business has a fifty day moving average price of $27.74 and a 200-day moving average price of $24.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The stock has a market capitalization of $14.86 billion, a P/E ratio of 102.42, a P/E/G ratio of 2.48 and a beta of 1.79.

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 (EPS) for the quarter, beating 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company posted $0.29 earnings per share. The company's quarterly revenue was up 63.9% on a year-over-year basis. Equities analysts forecast that James Hardie Industries will post 1.27 earnings per share for the current fiscal year.

About James Hardie Industries

James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.

The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.

Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.