Baird R W upgraded shares of James Hardie Industries (NYSE:JHX - Free Report) to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.
Other equities analysts have also issued reports about the company. William Blair started coverage on James Hardie Industries in a report on Friday, June 27th. They set an "outperform" rating on the stock. Raymond James Financial set a $55.00 price objective on James Hardie Industries in a research note on Monday, March 24th. Morgan Stanley upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 24th. 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 research note on Thursday, March 27th. 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, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.34.
View Our Latest Stock Report on James Hardie Industries
James Hardie Industries Stock Down 2.1%
Shares of James Hardie Industries stock traded down $0.56 during midday trading on Friday, hitting $26.12. The company's stock had a trading volume of 3,170,411 shares, compared to its average volume of 1,719,046. The firm has a market capitalization of $11.23 billion, a P/E ratio of 26.66, a PEG ratio of 1.84 and a beta of 1.75. The stock has a 50-day simple moving average of $25.52 and a 200-day simple moving average of $27.79. The company has a quick ratio of 1.67, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. James Hardie Industries has a 1-year low of $19.72 and a 1-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 analysts' consensus estimates 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 firm had revenue of $971.50 million for the quarter, compared to analyst estimates of $983.86 million. During the same period in the previous year, the business posted $1.61 EPS. James Hardie Industries's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, sell-side analysts expect that James Hardie Industries will post 1.39 earnings per share for the current year.
Institutional Investors Weigh In On James Hardie Industries
A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in James Hardie Industries by 27.9% during the fourth quarter. Bank of New York Mellon Corp now owns 52,106 shares of the construction company's stock valued at $1,605,000 after purchasing an additional 11,353 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in James Hardie Industries by 15.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,965 shares of the construction company's stock valued at $153,000 after purchasing an additional 662 shares in the last quarter. M&T Bank Corp boosted its holdings in James Hardie Industries by 21.0% during the fourth quarter. M&T Bank Corp now owns 8,842 shares of the construction company's stock valued at $273,000 after purchasing an additional 1,534 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in James Hardie Industries during the fourth quarter valued at approximately $1,100,000. Finally, Avantax Advisory Services Inc. boosted its holdings 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 in the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.
About James Hardie Industries
(
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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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