James Hardie Industries (NYSE:JHX) Rating Lowered to Neutral at Macquarie

Macquarie lowered shares of James Hardie Industries (NYSE:JHX) from an outperform rating to a neutral rating in a report issued on Monday morning, Marketbeat reports.

A number of other equities analysts have also recently commented on the stock. Truist Financial started coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday. Finally, Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

James Hardie Industries Price Performance

JHX opened at $24.25 on Monday. The stock has a market capitalization of $10.42 billion, a P/E ratio of 24.01, a PEG ratio of 6.16 and a beta of 1.84. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. James Hardie Industries has a 12-month low of $23.31 and a 12-month high of $43.57. The stock has a 50-day moving average price of $32.34 and a 200-day moving average price of $33.90.

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

Institutional Investors Weigh In On James Hardie Industries

A number of large investors have recently added to or reduced their stakes in JHX. Versant Capital Management Inc bought a new position in shares of James Hardie Industries during the fourth quarter valued at about $25,000. R Squared Ltd bought a new position in James Hardie Industries during the 4th quarter valued at approximately $27,000. TD Private Client Wealth LLC raised its position in James Hardie Industries by 45.3% during the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock valued at $30,000 after purchasing an additional 303 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in James Hardie Industries in the 4th quarter worth approximately $55,000. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of James Hardie Industries in the 3rd quarter worth approximately $64,000. Institutional investors own 7.96% of the company’s stock.

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.