James Hardie Industries PLC. (NYSE:JHX - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $25.07, but opened at $24.40. James Hardie Industries shares last traded at $24.73, with a volume of 606,405 shares.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on JHX. Bank of America raised shares of James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their target price for the company from $27.40 to $27.35 in a research note on Thursday, March 27th. Wall Street Zen lowered James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Truist Financial cut their target price 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. Raymond James Financial set a $55.00 price target on James Hardie Industries in a research note on Monday, March 24th. Finally, Morgan Stanley upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.12.
View Our Latest Analysis on JHX
James Hardie Industries Stock Performance
The firm's fifty day moving average price is $24.20 and its 200 day moving average price is $28.69. The firm has a market cap of $10.42 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.10.
James Hardie Industries (NYSE:JHX - Get Free Report) last posted its earnings results on Tuesday, May 20th. The construction company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). James Hardie Industries had a return on equity of 31.52% and a net margin of 10.94%. The company had revenue of $971.50 million for the quarter, compared to analysts' expectations of $983.86 million. During the same quarter in the prior year, the company earned $1.61 EPS. The firm's quarterly revenue was down 3.3% on a year-over-year basis. Sell-side analysts expect that James Hardie Industries PLC. will post 1.39 EPS for the current fiscal year.
Hedge Funds Weigh In On James Hardie Industries
A number of large investors have recently added to or reduced their stakes in JHX. TD Private Client Wealth LLC grew its holdings 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 purchasing an additional 303 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 397 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of James Hardie Industries by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company's stock worth $616,000 after purchasing an additional 433 shares in the last quarter. Russell Investments Group Ltd. increased its position in James Hardie Industries by 9.5% during the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock valued at $161,000 after buying an additional 453 shares in the last quarter. Finally, Rhumbline Advisers increased its position in James Hardie Industries by 5.2% during the 4th quarter. Rhumbline Advisers now owns 9,695 shares of the construction company's stock valued at $299,000 after buying an additional 482 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.
James Hardie Industries Company Profile
(
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.
Further Reading
Before you consider James Hardie Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and James Hardie Industries wasn't on the list.
While James Hardie Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
