James Hardie Industries PLC. (NYSE:JHX) Receives $33.27 Consensus Target Price from Brokerages

Key Points

• James Hardie Industries PLC has received a consensus recommendation of "Buy" from nine brokerages, with an average price target of $33.27.
• The company's stock has decreased by 34.4%, currently trading at around $18.66, and has reported a decline in quarterly revenue of 9.3% year-over-year.
• Analysts have set various target prices for the stock, with Jefferies Financial Group predicting a target of $34.00, while Robert W. Baird and Truist Financial have lowered their targets to $25.00.

James Hardie Industries PLC. (NYSE:JHX - Get Free Report) has been given an average rating of "Buy" by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.27.

JHX has been the topic of several research analyst reports. Robert W. Baird cut their price objective on James Hardie Industries from $32.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. William Blair started coverage on James Hardie Industries in a research report on Friday, June 27th. They set an "outperform" rating on the stock. Macquarie raised James Hardie Industries from a "neutral" rating to an "outperform" rating in a research report on Monday, July 28th. Finally, UBS Group reissued a "neutral" rating on shares of James Hardie Industries in a research report on Thursday.

Institutional Investors Weigh In On James Hardie Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in James Hardie Industries by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 16,572 shares of the construction company's stock valued at $511,000 after acquiring an additional 4,245 shares in the last quarter. Envestnet Asset Management Inc. raised its position in James Hardie Industries by 23.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 90,741 shares of the construction company's stock valued at $2,796,000 after acquiring an additional 17,082 shares in the last quarter. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 453 shares in the last quarter. Legal & General Group Plc raised its position in James Hardie Industries by 98.0% during the fourth quarter. Legal & General Group Plc now owns 5,049 shares of the construction company's stock valued at $156,000 after acquiring an additional 2,499 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in James Hardie Industries by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 122,127 shares of the construction company's stock valued at $3,763,000 after purchasing an additional 3,500 shares during the period. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Trading Down 3.4%

James Hardie Industries stock traded down $0.69 during mid-day trading on Thursday, hitting $19.82. The company's stock had a trading volume of 5,970,787 shares, compared to its average volume of 4,131,143. The company has a 50 day moving average of $26.63 and a 200-day moving average of $26.54. The stock has a market cap of $8.52 billion, a PE ratio of 25.76, a P/E/G ratio of 2.48 and a beta of 1.74. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.31 and a current ratio of 3.76. James Hardie Industries has a one year low of $17.91 and a one year high of $43.57.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $899.90 million during the quarter, compared to the consensus estimate of $982.60 million. James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The business's revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, research analysts anticipate that James Hardie Industries will post 1.39 EPS for the current year.

James Hardie Industries Company Profile

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.