James Hardie Industries (NYSE:JHX) Shares Gap Down to $40.15

James Hardie Industries plc (NYSE:JHX) gapped down prior to trading on Tuesday . The stock had previously closed at $40.15, but opened at $39.07. James Hardie Industries shares last traded at $38.61, with a volume of 5,425 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

James Hardie Industries Trading Down 4.0 %

The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 4.32 and a beta of 1.74. The company has a fifty day moving average price of $35.72 and a two-hundred day moving average price of $35.11.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, August 13th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The company had revenue of $991.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that James Hardie Industries plc will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new stake in shares of James Hardie Industries in the 1st quarter valued at approximately $30,000. Blue Trust Inc. grew its position in James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after acquiring an additional 374 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in James Hardie Industries by 693.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,012 shares during the last quarter. GAMMA Investing LLC raised its position in James Hardie Industries by 38.8% in the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock valued at $49,000 after purchasing an additional 341 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of James Hardie Industries in the 2nd quarter valued at $66,000. 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.