Shares of James Hardie Industries PLC. (NYSE:JHX - Get Free Report) saw an uptick in trading volume on Wednesday . 1,979,419 shares traded hands during mid-day trading, an increase of 74% from the previous session's volume of 1,140,113 shares.The stock last traded at $25.16 and had previously closed at $24.63.
Analysts Set New Price Targets
Several brokerages recently issued reports on JHX. Bank of America raised 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 research note on Thursday, March 27th. Raymond James Financial set a $55.00 price objective on James Hardie Industries in a research note on Monday, March 24th. William Blair began coverage on James Hardie Industries in a research note on Friday. They issued an "outperform" rating on the stock. Truist Financial dropped their price objective on James Hardie Industries from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Finally, Morgan Stanley raised James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.12.
Read Our Latest Research Report on James Hardie Industries
James Hardie Industries Price Performance
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 market cap of $11.81 billion, a P/E ratio of 28.04, a PEG ratio of 1.45 and a beta of 1.73. The firm has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $28.18.
James Hardie Industries (NYSE:JHX - Get Free Report) last announced its earnings results 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). 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 net margin of 10.94% and a return on equity of 31.52%. The firm's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. As a group, analysts forecast that James Hardie Industries PLC. will post 1.39 EPS for the current year.
Institutional Trading of James Hardie Industries
Hedge funds and other institutional investors have recently made changes to their positions in the business. TD Private Client Wealth LLC lifted its holdings in shares of James Hardie Industries by 45.3% during 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 during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of James Hardie Industries during the 4th quarter valued at $55,000. Huntington National Bank lifted its holdings in shares of James Hardie Industries by 64.7% during the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock valued at $70,000 after purchasing an additional 888 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of James Hardie Industries during the 1st quarter valued at $57,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of James Hardie Industries by 262.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock valued at $101,000 after purchasing an additional 2,380 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company's stock.
About James Hardie Industries
(
Get Free Report)
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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