StockNews.com Upgrades James Hardie Industries (NYSE:JHX) to Buy

StockNews.com upgraded shares of James Hardie Industries (NYSE:JHX) from a hold rating to a buy rating in a research report released on Friday.

Other analysts have also issued research reports about the company. Truist Financial started coverage on James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, James Hardie Industries currently has a consensus rating of “Buy” and a consensus price target of $45.00.

James Hardie Industries Stock Up 1.6 %

JHX stock opened at $29.29 on Friday. James Hardie Industries has a twelve month low of $28.77 and a twelve month high of $43.57. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The firm has a market cap of $12.59 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. The business has a 50 day moving average of $32.48 and a 200 day moving average of $34.03.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The company had revenue of $953.30 million during the quarter, compared to analyst estimates of $967.63 million. On average, research analysts forecast that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

A number of institutional investors and hedge funds have recently modified their holdings of JHX. Versant Capital Management Inc bought a new stake in shares of James Hardie Industries in the fourth quarter worth $25,000. R Squared Ltd bought a new stake in shares of James Hardie Industries in the fourth quarter worth $27,000. TD Private Client Wealth LLC grew its holdings in shares of James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after acquiring an additional 303 shares during the period. Pinpoint Asset Management Ltd bought a new stake in shares of James Hardie Industries in the third quarter worth $64,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of James Hardie Industries in the third quarter worth $71,000. Institutional investors own 7.96% of the company’s stock.

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.