Shares of James Hardie Industries PLC. (NYSE:JHX – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $33.89.
A number of research analysts have recently commented on the company. Citigroup cut James Hardie Industries from a “buy” rating to a “neutral” rating in a research report on Monday, September 28th. Stephens lifted their price objective on James Hardie Industries from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Melius Research started coverage on shares of James Hardie Industries in a report on Tuesday, October 6th. They set a “buy” rating and a $36.00 price objective on the stock. Raymond James Financial set a $36.00 target price on shares of James Hardie Industries in a research report on Tuesday, October 6th. Finally, Loop Capital started coverage on shares of James Hardie Industries in a research note on Monday, September 14th. They issued a “buy” rating and a $35.00 target price for the company.
Read Our Latest Research Report on JHX
James Hardie Industries Trading Down 0.7%
Shares of JHX stock opened at $25.97 on Tuesday. James Hardie Industries has a 12-month low of $16.46 and a 12-month high of $31.43. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $27.28 and a 200-day moving average of $24.28. The firm has a market cap of $15.07 billion, a P/E ratio of 103.87, a PEG ratio of 2.67 and a beta of 1.79.
James Hardie Industries (NYSE:JHX – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company earned $0.29 earnings per share. James Hardie Industries’s revenue was up 63.9% compared to the same quarter last year. Sell-side analysts anticipate that James Hardie Industries will post 1.26 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in James Hardie Industries in the 2nd quarter valued at approximately $47,651,000. Renaissance Technologies LLC raised its holdings in James Hardie Industries by 48.5% during the 1st quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock valued at $72,720,000 after acquiring an additional 1,254,400 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of James Hardie Industries by 12.3% during the second quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company’s stock worth $228,758,000 after acquiring an additional 954,317 shares in the last quarter. RDST Capital LLC lifted its position in shares of James Hardie Industries by 24.0% during the second quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock worth $105,114,000 after acquiring an additional 776,950 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of James Hardie Industries by 81.6% during the first quarter. Bank of America Corp DE now owns 1,512,821 shares of the construction company’s stock worth $28,653,000 after acquiring an additional 679,728 shares in the last quarter. 7.96% of the stock is owned by institutional investors.
James Hardie Industries Company Profile
James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.
The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.
Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.
See Also
- Five stocks we like better than James Hardie Industries
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for James Hardie Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James Hardie Industries and related companies with MarketBeat.com's FREE daily email newsletter.
