James Hardie Industries PLC. (NYSE:JHX - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 3,528,161 shares were traded during mid-day trading, an increase of 135% from the previous session's volume of 1,499,666 shares.The stock last traded at $27.86 and had previously closed at $28.77.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Morgan Stanley raised James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. William Blair assumed coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They set an "outperform" rating for the company. Bank of America upgraded James Hardie Industries from an "underperform" rating to a "buy" rating and dropped their price objective for the stock from $27.40 to $27.35 in a report on Thursday, March 27th. Truist Financial lowered their price target on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Finally, Macquarie lowered James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.12.
Check Out Our Latest Research Report on James Hardie Industries
James Hardie Industries Stock Up 1.8%
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 firm has a 50-day moving average of $25.45 and a 200 day moving average of $27.87. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.86 and a beta of 1.75.
James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $971.50 million for the quarter, compared to the consensus estimate of $983.86 million. James Hardie Industries had a return on equity of 31.52% and a net margin of 10.94%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. On average, sell-side analysts anticipate that James Hardie Industries PLC. will post 1.39 earnings per share for the current year.
Hedge Funds Weigh In On James Hardie Industries
Several large investors have recently added to or reduced their stakes in the company. 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 buying an additional 303 shares during the period. Smartleaf Asset Management LLC increased its stake in James Hardie Industries by 12.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,683 shares of the construction company's stock valued at $89,000 after buying an additional 397 shares during the period. Russell Investments Group Ltd. raised its stake in shares of James Hardie Industries by 9.5% in the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock worth $161,000 after buying an additional 453 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in James Hardie Industries by 8.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,838 shares of the construction company's stock valued at $211,000 after purchasing an additional 522 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in James Hardie Industries by 15.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,965 shares of the construction company's stock worth $153,000 after buying an additional 662 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors.
James Hardie Industries Company Profile
(
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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.
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