James Hardie Industries PLC. (NYSE:JHX) Given Consensus Rating of "Buy" by Analysts

Shares of James Hardie Industries PLC. (NYSE:JHX - Get Free Report) have been assigned an average recommendation of "Buy" from the nine analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $37.34.

Several equities research analysts recently commented on the stock. William Blair assumed coverage on shares of James Hardie Industries in a research note on Friday, June 27th. They set an "outperform" rating on the stock. Wall Street Zen cut shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Baird R W raised shares of James Hardie Industries to a "strong-buy" rating in a report on Friday, July 11th. Truist Financial decreased their target price on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Robert W. Baird assumed coverage on shares of James Hardie Industries in a report on Friday, July 11th. They issued an "outperform" rating and a $32.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in shares of James Hardie Industries by 12.1% during the first 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. Russell Investments Group Ltd. raised its holdings in shares of James Hardie Industries by 9.5% during the fourth quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company's stock valued at $161,000 after purchasing an additional 453 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of James Hardie Industries by 70.4% during the second quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company's stock valued at $30,000 after purchasing an additional 455 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of James Hardie Industries by 7.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 10,687 shares of the construction company's stock valued at $252,000 after purchasing an additional 719 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of James Hardie Industries by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 9,416 shares of the construction company's stock valued at $290,000 after purchasing an additional 865 shares during the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Trading Down 1.3%

NYSE:JHX opened at $26.96 on Friday. James Hardie Industries has a one year low of $19.72 and a one 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. The company's 50-day simple moving average is $25.94 and its 200 day simple moving average is $27.52. The firm has a market capitalization of $11.59 billion, a P/E ratio of 27.51, a PEG ratio of 1.80 and a beta of 1.75.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate 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 business had revenue of $971.50 million for the quarter, compared to the consensus estimate of $983.86 million. During the same period in the previous year, the firm earned $1.61 EPS. The company's revenue was down 3.3% on a year-over-year basis. As a group, analysts forecast that James Hardie Industries will post 1.39 EPS for the current fiscal year.

About James Hardie Industries

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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