James Hardie Industries plc (NYSE:JHX) Receives $45.00 Consensus Target Price from Analysts

James Hardie Industries plc (NYSE:JHX) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $50.00.

JHX has been the topic of several recent analyst reports. Truist Financial started coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price on the stock. Morgan Stanley upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, Macquarie cut James Hardie Industries from an “outperform” rating to a “neutral” rating in a report on Monday.

James Hardie Industries Price Performance

Shares of JHX opened at $23.80 on Monday. The stock has a market cap of $10.23 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. James Hardie Industries has a 1 year low of $23.23 and a 1 year high of $43.57. The stock’s 50-day moving average price is $32.00 and its two-hundred day moving average price is $33.75. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

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

Institutional Investors Weigh In On James Hardie Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JHX. Versant Capital Management Inc acquired a new position in shares of James Hardie Industries during the 4th quarter worth about $25,000. R Squared Ltd acquired a new position in James Hardie Industries during the fourth quarter valued at approximately $27,000. TD Private Client Wealth LLC increased its position in shares of James Hardie Industries by 45.3% during the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after purchasing an additional 303 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of James Hardie Industries during the 4th quarter worth approximately $55,000. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of James Hardie Industries in the 3rd quarter valued at approximately $64,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

About James Hardie Industries

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.