James Hardie Industries plc (NYSE:JHX - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $34.43, but opened at $35.43. James Hardie Industries shares last traded at $34.92, with a volume of 4,700 shares.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Bank of America cut James Hardie Industries from a "neutral" rating to an "underperform" rating and set a $35.50 target price for the company. in a research report on Tuesday, January 23rd. StockNews.com downgraded James Hardie Industries from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 16th.
View Our Latest Stock Analysis on JHX
James Hardie Industries Stock Up 3.2 %
The firm has a fifty day moving average price of $38.62 and a 200-day moving average price of $34.91. The company has a quick ratio of 1.46, a current ratio of 1.89 and a debt-to-equity ratio of 0.60. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.61 and a beta of 1.69.
James Hardie Industries (NYSE:JHX - Get Free Report) last issued its earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. James Hardie Industries had a return on equity of 38.75% and a net margin of 13.93%. The firm had revenue of $978.30 million for the quarter, compared to analysts' expectations of $960.23 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that James Hardie Industries plc will post 1.6 EPS for the current year.
Institutional Trading of James Hardie Industries
Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new position in James Hardie Industries in the 1st quarter worth approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of James Hardie Industries in the fourth quarter valued at $33,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of James Hardie Industries in the first quarter valued at $71,000. Barometer Capital Management Inc. purchased a new stake in shares of James Hardie Industries in the fourth quarter valued at $120,000. Finally, Fifth Third Bancorp raised its holdings in shares of James Hardie Industries by 492.8% during the fourth quarter. Fifth Third Bancorp now owns 3,681 shares of the construction company's stock worth $142,000 after acquiring an additional 3,060 shares in the last quarter. 7.96% of the stock is owned by institutional investors.
James Hardie Industries Company Profile
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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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