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

James Hardie Industries plc (NYSE:JHX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.45.

Several research analysts have weighed in on JHX shares. StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Raymond James set a $55.00 price objective on James Hardie Industries in a report on Monday, March 24th. Morgan Stanley raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research report on Monday, March 24th. Truist Financial set a $45.00 target price on shares of James Hardie Industries in a research report on Monday, March 24th. Finally, Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a report on Thursday, January 30th.

Institutional Investors Weigh In On James Hardie Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHX. R Squared Ltd bought a new position in shares of James Hardie Industries in the fourth quarter valued at approximately $27,000. TD Private Client Wealth LLC grew its stake in James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock valued at $30,000 after buying an additional 303 shares during the last quarter. Aquatic Capital Management LLC bought a new position in James Hardie Industries in the 4th quarter worth $55,000. Huntington National Bank lifted its position 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 acquiring an additional 888 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in James Hardie Industries during the first quarter valued at about $57,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Stock Down 0.6%

James Hardie Industries stock traded down $0.16 during trading hours on Tuesday, hitting $25.18. The company had a trading volume of 2,556,410 shares, compared to its average volume of 607,214. The firm's fifty day moving average is $24.69 and its 200-day moving average is $30.24. The firm has a market capitalization of $10.82 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. James Hardie Industries has a fifty-two week low of $19.72 and a fifty-two week high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, research analysts forecast that James Hardie Industries will post 1.39 earnings per share 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.