James Hardie Industries PLC. (NYSE:JHX) Stock Has Consensus Target Price of $32.78

Key Points

• Analyst sentiment is favorable: Thirteen analysts rate James Hardie Industries a consensus “Moderate Buy,” with 11 buy ratings and two holds. The average 12-month price target is $32.78, compared with a recent share price of $26.04.
• Recent results exceeded expectations: The company reported quarterly EPS of $0.36 versus the $0.32 consensus estimate, while revenue reached $1.47 billion and increased 63.9% year over year.
• Institutional ownership is growing: Several investment firms initiated or expanded positions in JHX, including Engineers Gate, which increased its holdings by 153.8%, and Squarepoint Ops, which bought approximately $47.7 million in shares.

James Hardie Industries PLC. (NYSE:JHX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.78.

JHX has been the subject of a number of analyst reports. Oppenheimer reissued an "outperform" rating and set a $36.00 target price on shares of James Hardie Industries in a research note on Wednesday, September 16th. UBS Group reiterated a "buy" rating on shares of James Hardie Industries in a report on Wednesday, September 16th. Loop Capital initiated coverage on James Hardie Industries in a research report on Monday, September 14th. They issued a "buy" rating and a $35.00 price objective for the company. Zacks Research raised James Hardie Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Raymond James Financial set a $35.00 target price on James Hardie Industries in a research report on Monday, August 10th.

Institutional Trading of James Hardie Industries

Several large investors have recently modified their holdings of JHX. SkyView Investment Advisors LLC bought a new position in James Hardie Industries during the second quarter worth $196,000. The Manufacturers Life Insurance Company bought a new stake in James Hardie Industries in the second quarter valued at $248,000. Tidal Investments LLC bought a new stake in James Hardie Industries in the second quarter valued at $1,183,000. Engineers Gate Manager LP raised its holdings in shares of James Hardie Industries by 153.8% during the second quarter. Engineers Gate Manager LP now owns 739,441 shares of the construction company's stock valued at $19,359,000 after purchasing an additional 448,047 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of James Hardie Industries during the 2nd quarter worth about $47,651,000. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $26.04 on Friday. The stock has a market capitalization of $15.11 billion, a PE ratio of 104.16, a PEG ratio of 2.68 and a beta of 1.77. The business's 50 day simple moving average is $28.32 and its 200 day simple moving average is $24.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. James Hardie Industries has a one year low of $16.46 and a one year high of $31.43.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The company's revenue was up 63.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. As a group, research analysts forecast that James Hardie Industries will post 1.24 earnings per share for the current year.

James Hardie Industries Company Profile

James Hardie Industries plc is a building materials company specializing in fiber cement and fiber gypsum products. Its products are used in residential and commercial construction, remodeling and repair applications, including exterior siding, trim, soffits, weatherboard, roofing components and interior wall systems.

The company markets products under brands that include Hardie and Fermacell. Its fiber cement materials are designed to provide durability and resistance to fire, moisture, pests and weather, serving applications where alternatives such as wood, vinyl or traditional gypsum may be used.

Founded in Australia in 1888, James Hardie has developed into an international manufacturer and supplier serving customers across North America, Australia and New Zealand, Europe and other markets.

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