Brokerages Set James Hardie Industries PLC. (NYSE:JHX) PT at $39.12

James Hardie Industries PLC. (NYSE:JHX) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $39.12.

Several brokerages have issued reports on JHX. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 24th. Macquarie downgraded shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Truist Financial cut their target price on shares of James Hardie Industries from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 21st. Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating and cut their target price for the company from $27.40 to $27.35 in a research note on Thursday, March 27th. Finally, Raymond James Financial set a $55.00 price target on shares of James Hardie Industries in a research note on Monday, March 24th.

James Hardie Industries Price Performance

Shares of NYSE:JHX opened at $28.77 on Wednesday. The stock has a fifty day moving average of $25.11 and a 200-day moving average of $27.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.10. James Hardie Industries has a one year low of $19.72 and a one year high of $43.57. The company has a market capitalization of $12.37 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Tuesday, May 20th. The construction company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). James Hardie Industries had a net margin of 10.94% and a return on equity of 31.52%. The firm had revenue of $971.50 million for the quarter, compared to analyst estimates of $983.86 million. During the same period last year, the firm earned $1.61 earnings per share. James Hardie Industries’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Hedge Funds Weigh In On James Hardie Industries

Hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC increased its stake in shares of James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after acquiring an additional 303 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in James Hardie Industries during the fourth quarter worth $55,000. Huntington National Bank increased its position in James Hardie Industries by 64.7% during the fourth quarter. Huntington National Bank now owns 2,260 shares of the construction company’s stock worth $70,000 after buying an additional 888 shares during the last quarter. SVB Wealth LLC acquired a new position in James Hardie Industries during the first quarter worth $57,000. Finally, Smartleaf Asset Management LLC increased its position in James Hardie Industries by 262.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company’s stock worth $101,000 after buying an additional 2,380 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

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.