James Hardie Industries (NYSE:JHX) Downgraded to Hold Rating by StockNews.com

James Hardie Industries (NYSE:JHX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Finally, Truist Financial assumed coverage on James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, James Hardie Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

James Hardie Industries Stock Down 2.4 %

JHX stock opened at $31.46 on Friday. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 6.16 and a beta of 1.81. James Hardie Industries has a twelve month low of $29.88 and a twelve month high of $43.57. The business has a 50 day moving average price of $32.43 and a two-hundred day moving average price of $34.41. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX) last released its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. Analysts anticipate that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC boosted its position in shares of James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock valued at $30,000 after acquiring an additional 303 shares during the period. Franklin Resources Inc. raised its stake in James Hardie Industries by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after purchasing an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in James Hardie Industries by 0.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock valued at $1,615,000 after purchasing an additional 420 shares during the period. Sanctuary Advisors LLC grew its position in shares of James Hardie Industries by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock worth $616,000 after purchasing an additional 433 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of James Hardie Industries by 9.5% during the fourth quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock worth $161,000 after purchasing an additional 453 shares during the period. 7.96% of the stock is owned by institutional investors.

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.