James Hardie Industries PLC. (NYSE:JHX) Receives Consensus Rating of "Buy" from Brokerages

James Hardie Industries PLC. (NYSE:JHX - Get Free Report) has been given an average recommendation of "Buy" by the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.3917.

JHX has been the topic of several recent analyst reports. UBS Group reiterated a "neutral" rating on shares of James Hardie Industries in a research note on Thursday, August 21st. Truist Financial increased their target price on James Hardie Industries from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday. Macquarie upgraded James Hardie Industries from a "neutral" rating to an "outperform" rating in a research note on Monday, July 28th. Robert W. Baird cut their target price on James Hardie Industries from $32.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group began coverage on James Hardie Industries in a research note on Friday, August 8th. They set a "buy" rating and a $34.00 target price on the stock.

James Hardie Industries Stock Performance

Shares of JHX opened at $21.91 on Friday. The business's fifty day simple moving average is $21.99 and its two-hundred day simple moving average is $23.86. The company has a current ratio of 3.76, a quick ratio of 3.31 and a debt-to-equity ratio of 1.12. James Hardie Industries has a 12 month low of $17.85 and a 12 month high of $37.77. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 12.60 and a beta of 1.79.

James Hardie Industries (NYSE:JHX - Get Free Report) last issued its earnings results on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The business had revenue of $899.90 million for the quarter, compared to analysts' expectations of $982.60 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. Research analysts anticipate that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On James Hardie Industries

A number of institutional investors and hedge funds have recently modified their holdings of JHX. TD Private Client Wealth LLC boosted its stake in shares of James Hardie Industries by 70.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company's stock worth $30,000 after buying an additional 455 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of James Hardie Industries by 641.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company's stock worth $33,000 after buying an additional 1,058 shares during the last quarter. MAI Capital Management boosted its stake in shares of James Hardie Industries by 4,266.7% in the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company's stock worth $35,000 after buying an additional 1,280 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company's stock worth $40,000 after buying an additional 1,461 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of James Hardie Industries in the 2nd quarter worth $52,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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