James Hardie Industries (NYSE:JHX) Stock Rating Lowered by StockNews.com

James Hardie Industries (NYSE:JHX - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Tuesday.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of James Hardie Industries from an "overweight" rating to a "neutral" rating in a research note on Tuesday. Bank of America cut shares of James Hardie Industries from a "neutral" rating to an "underperform" rating and set a $35.50 price target on the stock. in a research note on Tuesday, January 23rd. Finally, Macquarie upgraded shares of James Hardie Industries from a "neutral" rating to an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $35.50.

James Hardie Industries Stock Performance

JHX stock traded down $5.60 on Tuesday, hitting $30.99. The company had a trading volume of 346,349 shares, compared to its average volume of 50,662. James Hardie Industries has a 12-month low of $24.18 and a 12-month high of $41.98. The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. The stock's 50-day simple moving average is $37.41 and its 200 day simple moving average is $36.45. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.81 and a beta of 1.72.

Institutional Trading of James Hardie Industries

Several institutional investors and hedge funds have recently modified their holdings of JHX. Atlas Capital Advisors LLC bought a new stake in shares of James Hardie Industries during the 1st quarter valued at $30,000. GAMMA Investing LLC bought a new stake in James Hardie Industries in the 4th quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. increased its holdings in James Hardie Industries by 693.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company's stock valued at $47,000 after acquiring an additional 1,012 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in James Hardie Industries in the 1st quarter valued at $71,000. Finally, Lindbrook Capital LLC increased its holdings in James Hardie Industries by 14.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company's stock valued at $117,000 after acquiring an additional 362 shares during the last quarter. 7.96% of the stock is currently owned by 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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