James Hardie Industries PLC. (NYSE:JHX) Given Average Rating of "Moderate Buy" by Analysts

Shares of James Hardie Industries PLC. (NYSE:JHX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.12.

Several research analysts have recently commented on the company. Raymond James Financial set a $55.00 target price on James Hardie Industries in a research report on Monday, March 24th. Wall Street Zen downgraded shares of James Hardie Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Macquarie lowered shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday, March 24th. William Blair started coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They issued an "outperform" rating on the stock. Finally, 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 report on Wednesday, May 21st.

Hedge Funds Weigh In On James Hardie Industries

Several institutional investors have recently modified their holdings of JHX. Bank of America Corp DE lifted its position in James Hardie Industries by 19.4% in the 4th quarter. Bank of America Corp DE now owns 453,206 shares of the construction company's stock valued at $13,963,000 after purchasing an additional 73,504 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of James Hardie Industries by 2,189.1% in the first quarter. GAMMA Investing LLC now owns 32,207 shares of the construction company's stock valued at $759,000 after purchasing an additional 30,800 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of James Hardie Industries by 262.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company's stock valued at $101,000 after purchasing an additional 2,380 shares during the period. Raymond James Financial Inc. bought a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $1,100,000. Finally, Avantax Advisory Services Inc. raised its holdings in shares of James Hardie Industries by 8.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,838 shares of the construction company's stock valued at $211,000 after buying an additional 522 shares during the last quarter. Institutional investors own 7.96% of the company's stock.

James Hardie Industries Stock Up 0.1%

Shares of JHX traded up $0.02 during midday trading on Wednesday, hitting $28.37. The company had a trading volume of 2,922,581 shares, compared to its average volume of 1,442,838. The company's 50 day moving average price is $24.94 and its 200 day moving average price is $28.05. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.58 and a beta of 1.75. James Hardie Industries has a 52 week low of $19.72 and a 52 week high of $43.57. The company has a quick ratio of 1.67, a current ratio of 2.10 and a debt-to-equity ratio of 0.51.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). James Hardie Industries had a return on equity of 31.52% and a net margin of 10.94%. The firm had revenue of $971.50 million during the quarter, compared to analyst estimates of $983.86 million. During the same quarter last year, the business posted $1.61 earnings per share. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts predict 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.