James Hardie Industries (NYSE:JHX) Shares Cross Above 200-Day Moving Average – Should You Sell?

James Hardie Industries PLC. (NYSE:JHXGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.32 and traded as high as $24.70. James Hardie Industries shares last traded at $24.3070, with a volume of 6,971,119 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stephens assumed coverage on shares of James Hardie Industries in a research report on Thursday, June 25th. They set an “overweight” rating and a $31.00 target price on the stock. Zacks Research downgraded shares of James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Finally, Barclays decreased their price target on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.56.

Get Our Latest Report on James Hardie Industries

James Hardie Industries Stock Performance

The company has a market capitalization of $14.40 billion, a PE ratio of 112.79 and a beta of 1.77. The stock’s fifty day simple moving average is $22.98 and its 200-day simple moving average is $22.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58.

James Hardie Industries (NYSE:JHXGet Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The company’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, equities analysts predict that James Hardie Industries PLC. will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of James Hardie Industries during the first quarter worth $28,000. Modus Advisors LLC acquired a new position in shares of James Hardie Industries in the 4th quarter valued at about $31,000. Global Retirement Partners LLC grew its holdings in shares of James Hardie Industries by 3,431.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,544 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of James Hardie Industries by 11,238.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,461 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in James Hardie Industries during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

About James Hardie Industries

(Get Free Report)

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.

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