Analysts Set James Hardie Industries plc (NYSE:JHX) Target Price at $45.00

James Hardie Industries plc (NYSE:JHX) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.45.

JHX has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Macquarie cut shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a report on Monday, March 24th. Raymond James set a $55.00 target price on James Hardie Industries in a report on Monday. StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Finally, Truist Financial assumed coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price objective on the stock.

Institutional Investors Weigh In On James Hardie Industries

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in shares of James Hardie Industries during the fourth quarter valued at $25,000. R Squared Ltd acquired a new stake in James Hardie Industries during the 4th quarter worth about $27,000. TD Private Client Wealth LLC lifted its stake in James Hardie Industries by 45.3% during the fourth 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. Aquatic Capital Management LLC acquired a new position in shares of James Hardie Industries in the fourth quarter worth about $55,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of James Hardie Industries in the third quarter worth approximately $64,000. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Price Performance

Shares of JHX opened at $24.24 on Monday. 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. The stock has a fifty day moving average price of $31.61 and a 200 day moving average price of $33.60. The company has a market cap of $10.42 billion, a P/E ratio of 24.00, a PEG ratio of 6.16 and a beta of 1.84.

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