Robert W. Baird Begins Coverage on James Hardie Industries (NYSE:JHX)

Investment analysts at Robert W. Baird assumed coverage on shares of James Hardie Industries (NYSE:JHX - Get Free Report) in a research report issued on Friday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $32.00 price target on the construction company's stock. Robert W. Baird's price target would indicate a potential upside of 16.29% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Truist Financial reduced their price target on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Raymond James Financial set a $55.00 price target on James Hardie Industries in a research report on Monday, March 24th. Wall Street Zen downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Bank of America raised James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their price target for the stock from $27.40 to $27.35 in a research report on Thursday, March 27th. Finally, Macquarie downgraded James Hardie Industries from an "outperform" rating to a "neutral" rating in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, James Hardie Industries currently has an average rating of "Moderate Buy" and an average target price of $37.34.

James Hardie Industries Stock Performance

NYSE:JHX traded down $0.75 on Friday, hitting $27.52. The company's stock had a trading volume of 5,490,875 shares, compared to its average volume of 1,684,918. The company has a current ratio of 2.10, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $25.52 and a two-hundred day moving average of $27.84. The firm has a market capitalization of $11.83 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.89 and a beta of 1.75. James Hardie Industries has a one year low of $19.72 and a one year high of $43.57.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). James Hardie Industries had a net margin of 10.94% and a return on equity of 31.52%. The business had revenue of $971.50 million during the quarter, compared to the consensus estimate of $983.86 million. During the same quarter in the prior year, the company earned $1.61 EPS. James Hardie Industries's quarterly revenue was down 3.3% on a year-over-year basis. Research analysts predict that James Hardie Industries will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On James Hardie Industries

Large investors have recently modified their holdings of the business. TD Private Client Wealth LLC boosted its holdings in shares of James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock valued at $30,000 after purchasing an additional 303 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of James Hardie Industries during the 4th quarter valued at $55,000. SVB Wealth LLC bought a new stake in James Hardie Industries during the 1st quarter worth $57,000. Huntington National Bank increased its holdings in James Hardie Industries by 64.7% in the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock worth $70,000 after purchasing an additional 888 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in James Hardie Industries by 12.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company's stock worth $89,000 after purchasing an additional 397 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

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.