Research Analysts’ Weekly Ratings Updates for James Hardie Industries (JHX)

Several analysts have recently updated their ratings and price targets for James Hardie Industries (NYSE: JHX):

• 12/25/2024 – James Hardie Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/17/2024 – James Hardie Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/10/2024 – James Hardie Industries is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $45.00 price target on the stock.
• 12/9/2024 – James Hardie Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/20/2024 – James Hardie Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/12/2024 – James Hardie Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/6/2024 – James Hardie Industries was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.

James Hardie Industries Trading Up 1.0 %

NYSE JHX opened at $31.87 on Wednesday. The firm’s fifty day moving average is $34.28 and its two-hundred day moving average is $34.61. James Hardie Industries plc has a one year low of $29.88 and a one year high of $43.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a market cap of $13.70 billion, a PE ratio of 31.55, a P/E/G ratio of 4.35 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $973.49 million. During the same period in the previous year, the company posted $0.41 EPS. James Hardie Industries’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that James Hardie Industries plc will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On James Hardie Industries

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of James Hardie Industries by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after acquiring an additional 432 shares during the period. Huntington National Bank acquired a new stake in James Hardie Industries in the third quarter valued at $55,000. Pinpoint Asset Management Ltd purchased a new position in shares of James Hardie Industries in the third quarter valued at $64,000. Cubist Systematic Strategies LLC acquired a new position in shares of James Hardie Industries during the 2nd quarter worth $66,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of James Hardie Industries in the 3rd quarter worth about $71,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.