James Hardie Industries PLC. (JHX) Upgraded at Citigroup Inc.

Citigroup Inc. upgraded shares of James Hardie Industries PLC. (NYSE:JHX) from a neutral rating to a buy rating in a report released on Friday morning, MarketBeat.com reports.

Separately, BidaskClub upgraded shares of James Hardie Industries PLC. from a strong sell rating to a sell rating in a report on Saturday, August 19th.

Shares of James Hardie Industries PLC. (NYSE:JHX) traded down $0.02 on Friday, hitting $15.97. 75,000 shares of the stock were exchanged, compared to its average volume of 18,402. The company has a market cap of $7,055.97, a price-to-earnings ratio of 10.45 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of -3.39. James Hardie Industries PLC. has a 1 year low of $13.55 and a 1 year high of $17.28.

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Several institutional investors and hedge funds have recently made changes to their positions in JHX. PNC Financial Services Group Inc. lifted its holdings in shares of James Hardie Industries PLC. by 50.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 279,278 shares of the construction company’s stock worth $4,403,000 after acquiring an additional 93,054 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of James Hardie Industries PLC. in the 3rd quarter worth approximately $887,000. Parametric Portfolio Associates LLC increased its stake in shares of James Hardie Industries PLC. by 7.0% in the second quarter. Parametric Portfolio Associates LLC now owns 856,172 shares of the construction company’s stock worth $13,502,000 after buying an additional 55,701 shares during the period. Aperio Group LLC increased its stake in shares of James Hardie Industries PLC. by 23.3% in the second quarter. Aperio Group LLC now owns 237,938 shares of the construction company’s stock worth $3,752,000 after buying an additional 45,023 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of James Hardie Industries PLC. in the second quarter worth $575,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

James Hardie Industries PLC. Company Profile

James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.

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