James Hardie Industries plc (NYSE:JHX) Given Consensus Rating of "Moderate Buy" by Brokerages

James Hardie Industries plc (NYSE:JHX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $39.12.

JHX has been the topic of a number of recent research reports. Bank of America raised James Hardie Industries from an "underperform" rating to a "buy" rating and decreased their target price for the stock from $27.40 to $27.35 in a report on Thursday, March 27th. Macquarie downgraded shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday, March 24th. Truist Financial decreased their price target on shares of James Hardie Industries from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Raymond James set a $55.00 price target on shares of James Hardie Industries in a research note on Monday, March 24th. Finally, Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th.

James Hardie Industries Stock Down 3.2%

James Hardie Industries stock opened at $25.76 on Friday. The firm has a market cap of $11.07 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 6.16 and a beta of 1.73. The stock has a fifty day simple moving average of $23.50 and a two-hundred day simple moving average of $29.24. James Hardie Industries has a 12 month low of $19.72 and a 12 month high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm 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 11.15% and a return on equity of 33.65%. James Hardie Industries's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 earnings per share. Equities analysts predict that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

Hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its position 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 worth $30,000 after purchasing an additional 303 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of James Hardie Industries during the 4th quarter worth approximately $55,000. SVB Wealth LLC acquired a new stake in James Hardie Industries during the 1st quarter worth approximately $57,000. Huntington National Bank lifted its holdings in James Hardie Industries by 64.7% during the 4th quarter. Huntington National Bank now owns 2,260 shares of the construction company's stock worth $70,000 after buying an additional 888 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position 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 worth $89,000 after purchasing an additional 397 shares during the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

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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