James Hardie Industries (NYSE:JHX) Stock Rating Upgraded by StockNews.com

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

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Truist Financial started coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $45.00.

James Hardie Industries Stock Up 1.6 %

JHX stock opened at $29.29 on Friday. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 6.16 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18. The business’s 50-day moving average is $32.48 and its two-hundred day moving average is $34.01. James Hardie Industries has a fifty-two week low of $28.77 and a fifty-two week high of $43.57.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data 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. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The firm had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. As a group, analysts forecast that James Hardie Industries will post 1.39 earnings per share for the current year.

Hedge Funds Weigh In On James Hardie Industries

Institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its position in shares of 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 buying an additional 303 shares in the last quarter. Franklin Resources Inc. increased its position in shares of James Hardie Industries by 4.4% in the third quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock valued at $315,000 after buying an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of James Hardie Industries by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock valued at $1,615,000 after buying an additional 420 shares in the last quarter. Sanctuary Advisors LLC grew its stake in James Hardie Industries by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock valued at $616,000 after acquiring an additional 433 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in James Hardie Industries by 9.5% in the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock worth $161,000 after acquiring an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.