James Hardie Industries (NYSE:JHX) Rating Lowered to Hold at StockNews.com

James Hardie Industries (NYSE:JHX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

JHX has been the topic of several other reports. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Truist Financial assumed coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.25.

James Hardie Industries Trading Up 1.0 %

Shares of JHX stock opened at $31.87 on Wednesday. James Hardie Industries has a 1-year low of $29.88 and a 1-year high of $43.57. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 4.35 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.50. The stock has a 50 day simple moving average of $34.28 and a 200-day simple moving average of $34.61.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $973.49 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts expect that James Hardie Industries will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

A number of large investors have recently made changes to their positions in JHX. Point72 Asset Management L.P. purchased a new stake in shares of James Hardie Industries in the second quarter valued at about $12,162,000. Natixis Advisors LLC grew its stake in shares of James Hardie Industries by 317.2% in the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after buying an additional 131,120 shares during the period. FMR LLC increased its holdings in shares of James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after buying an additional 29,401 shares during the last quarter. Creative Planning raised its position in shares of James Hardie Industries by 16.3% during the 3rd quarter. Creative Planning now owns 77,168 shares of the construction company’s stock valued at $3,098,000 after buying an additional 10,803 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in James Hardie Industries by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock valued at $2,223,000 after acquiring an additional 534 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

James Hardie Industries Company Profile

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.