James Hardie Industries (NYSE:JHX) Now Covered by Robert W. Baird

Robert W. Baird started coverage on shares of James Hardie Industries (NYSE:JHX - Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $32.00 price target on the construction company's stock. Robert W. Baird's price objective would suggest a potential upside of 19.87% from the company's previous close.

A number of other research analysts have also recently issued reports on the stock. Bank of America upgraded shares of James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their price objective for the company from $27.40 to $27.35 in a report on Thursday, March 27th. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a report on Monday, March 24th. Wall Street Zen cut shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Raymond James Financial set a $55.00 price target on shares of James Hardie Industries in a report on Monday, March 24th. Finally, Truist Financial cut their price target on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.34.

James Hardie Industries Stock Down 3.0%

Shares of NYSE JHX traded down $0.81 during mid-day trading on Friday, reaching $26.70. 7,129,142 shares of the company's stock traded hands, compared to its average volume of 1,713,240. The stock has a market cap of $11.48 billion, a P/E ratio of 27.24, a PEG ratio of 1.84 and a beta of 1.75. The business has a 50-day simple moving average of $25.52 and a 200 day simple moving average of $27.79. James Hardie Industries has a 1-year low of $19.72 and a 1-year high of $43.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.67.

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

Institutional Trading of James Hardie Industries

Several hedge funds have recently added to or reduced their stakes in JHX. TD Private Client Wealth LLC raised its position in James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after acquiring an additional 303 shares during the period. Aquatic Capital Management LLC bought a new stake in James Hardie Industries in the fourth quarter worth about $55,000. SVB Wealth LLC bought a new stake in James Hardie Industries in the first quarter worth about $57,000. Huntington National Bank raised its position in James Hardie Industries by 64.7% in the fourth quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock worth $70,000 after acquiring an additional 888 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in James Hardie Industries by 12.1% in the first quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company's stock worth $89,000 after acquiring an additional 397 shares during the period. Institutional investors 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.