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

Key Points

• Analysts maintain a “Moderate Buy” consensus on James Hardie Industries, with nine buy ratings and four hold ratings among 13 analysts. The average 12-month price target is $27.56, while recent targets range as high as $33.
• JHX shares opened at $28.38, near their 12-month high of $29.83, with a market capitalization of $16.47 billion and a P/E ratio of 129.02.
• The company reported quarterly EPS of $0.30, slightly above the $0.29 consensus estimate, while revenue rose 44.5% year over year to $1.40 billion. Institutional investors and hedge funds own 7.96% of the stock.

Shares of James Hardie Industries PLC. (NYSE:JHX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.5556.

A number of equities research analysts have recently weighed in on JHX shares. Barclays reaffirmed a "positive" rating on shares of James Hardie Industries in a report on Friday, July 24th. Oppenheimer boosted their target price on James Hardie Industries from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Zacks Research raised James Hardie Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Stephens upped their price target on shares of James Hardie Industries from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th.

Institutional Trading of James Hardie Industries

Several institutional investors and hedge funds have recently bought and sold shares of JHX. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in James Hardie Industries during the first quarter valued at $28,000. Modus Advisors LLC purchased a new position in shares of James Hardie Industries during the 4th quarter valued at $31,000. Global Retirement Partners LLC boosted its position in James Hardie Industries by 3,431.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company's stock valued at $33,000 after purchasing an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in 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 purchasing an additional 1,461 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of James Hardie Industries in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 7.96% of the company's stock.

James Hardie Industries Stock Up 0.1%

Shares of NYSE JHX opened at $28.38 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. James Hardie Industries has a 12-month low of $16.46 and a 12-month high of $29.83. The company has a market cap of $16.47 billion, a P/E ratio of 129.02 and a beta of 1.77. The stock has a fifty day moving average price of $25.14 and a 200 day moving average price of $22.96.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the company posted $0.36 EPS. The firm's revenue for the quarter was up 44.5% on a year-over-year basis. Research analysts anticipate that James Hardie Industries will post 1.37 EPS for the current fiscal year.

James Hardie Industries Company Profile

James Hardie Industries plc NYSE: JHX is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company's flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.

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