James Hardie Industries (NYSE:JHX) Downgraded by TheStreet to C+

TheStreet lowered shares of James Hardie Industries (NYSE:JHXGet Rating) from a b- rating to a c+ rating in a report issued on Monday morning, TheStreetRatingsTable reports.

JHX has been the topic of several other research reports. StockNews.com raised James Hardie Industries from a hold rating to a buy rating in a report on Tuesday. Jefferies Financial Group cut James Hardie Industries from a buy rating to an underperform rating in a report on Thursday, November 10th. Royal Bank of Canada cut James Hardie Industries from an outperform rating to a sector perform rating in a report on Tuesday, November 8th. Finally, Bank of America assumed coverage on James Hardie Industries in a report on Thursday, September 29th. They issued a buy rating and a $29.80 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $29.80.

James Hardie Industries Stock Performance

JHX opened at $19.55 on Monday. The business’s 50 day moving average is $20.56 and its 200-day moving average is $22.85. The stock has a market cap of $8.71 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. James Hardie Industries has a twelve month low of $17.86 and a twelve month high of $41.64.

Institutional Trading of James Hardie Industries

Large investors have recently added to or reduced their stakes in the company. Ellevest Inc. acquired a new stake in James Hardie Industries during the 2nd quarter valued at $31,000. BNP Paribas Arbitrage SA raised its stake in James Hardie Industries by 880.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock valued at $59,000 after purchasing an additional 1,760 shares during the period. Advisor Group Holdings Inc. raised its stake in James Hardie Industries by 150.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after purchasing an additional 1,486 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in James Hardie Industries during the 3rd quarter valued at $84,000. Finally, JPMorgan Chase & Co. raised its stake in James Hardie Industries by 28.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after purchasing an additional 640 shares during the period. 1.54% of the stock is owned by institutional investors and hedge funds.

About James Hardie Industries

(Get Rating)

James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada.

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