James Hardie Industries PLC. (NYSE:JHX) Given Average Recommendation of “Moderate Buy” by Brokerages

James Hardie Industries PLC. (NYSE:JHX) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

JHX has been the topic of several research reports. Truist Financial lifted their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research cut James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Finally, Barclays dropped their price objective on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st.

James Hardie Industries Trading Up 6.0%

Shares of JHX stock opened at $22.78 on Friday. James Hardie Industries has a 12-month low of $16.46 and a 12-month high of $29.83. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average price is $20.30 and its 200-day moving average price is $21.13. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 103.55, a price-to-earnings-growth ratio of 11.66 and a beta of 1.79.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 44.5% compared to the same quarter last year. Equities research analysts predict that James Hardie Industries will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On James Hardie Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake in shares of James Hardie Industries by 7.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after buying an additional 525 shares in the last quarter. Blue Trust Inc. grew its stake in shares of James Hardie Industries by 14.7% in the 1st quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock worth $130,000 after buying an additional 884 shares in the last quarter. Xponance LLC grew its stake in shares of James Hardie Industries by 5.7% in the 4th quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock worth $350,000 after buying an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of James Hardie Industries by 16.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock worth $139,000 after buying an additional 936 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of James Hardie Industries by 67.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after buying an additional 1,034 shares in the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.