James Hardie Industries plc (NYSE:JHX) Given Average Rating of “Moderate Buy” by Brokerages

James Hardie Industries plc (NYSE:JHX) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $42.45.

JHX has been the topic of a number of recent research reports. Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating and reduced their target price for the stock from $27.40 to $27.35 in a research report on Thursday. Morgan Stanley upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday, March 24th. Macquarie downgraded James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Truist Financial initiated coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JHX. Pathstone Holdings LLC raised its position in shares of James Hardie Industries by 5.2% during the 3rd quarter. Pathstone Holdings LLC now owns 41,798 shares of the construction company’s stock valued at $1,678,000 after acquiring an additional 2,060 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of James Hardie Industries by 67.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock worth $2,051,000 after purchasing an additional 20,496 shares during the period. Cerity Partners LLC raised its holdings in shares of James Hardie Industries by 58.8% during the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 13,981 shares during the period. FMR LLC lifted its position in shares of James Hardie Industries by 22.5% in 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. Finally, Townsquare Capital LLC acquired a new position in shares of James Hardie Industries in the 3rd quarter valued at about $227,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Down 1.6 %

NYSE:JHX opened at $24.24 on Monday. The business’s 50-day moving average is $31.61 and its two-hundred day moving average is $33.60. The firm has a market capitalization of $10.42 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. James Hardie Industries has a 12 month low of $23.23 and a 12 month high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts predict that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

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.