James Hardie Industries plc (JHX) Upgraded by CLSA to Outperform

CLSA upgraded shares of James Hardie Industries plc (NYSE:JHX) from a sell rating to an outperform rating in a research note released on Thursday.

Separately, Zacks Investment Research upgraded shares of James Hardie Industries plc from a sell rating to a hold rating in a research note on Tuesday, January 17th.

Shares of James Hardie Industries plc (NYSE:JHX) traded up 0.93% on Thursday, hitting $16.25. The stock had a trading volume of 5,433 shares. The firm has a 50 day moving average price of $15.62 and a 200 day moving average price of $15.45. The company has a market capitalization of $7.16 billion, a P/E ratio of 27.64 and a beta of 1.29. James Hardie Industries plc has a one year low of $13.68 and a one year high of $17.30.

James Hardie Industries plc (NYSE:JHX) last issued its earnings results on Friday, February 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.07. James Hardie Industries plc had a net margin of 14.00% and a negative return on equity of 108.46%. The business earned $453.80 million during the quarter. On average, equities research analysts predict that James Hardie Industries plc will post $0.57 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in shares of James Hardie Industries plc during the fourth quarter valued at about $3,460,000. Capstone Asset Management Co. increased its stake in shares of James Hardie Industries plc by 3.3% in the first quarter. Capstone Asset Management Co. now owns 53,379 shares of the construction company’s stock valued at $843,000 after buying an additional 1,690 shares during the period. Edge Asset Management Inc. increased its stake in shares of James Hardie Industries plc by 30.4% in the fourth quarter. Edge Asset Management Inc. now owns 30,000 shares of the construction company’s stock valued at $477,000 after buying an additional 7,000 shares during the period. Comerica Bank increased its stake in shares of James Hardie Industries plc by 11.6% in the fourth quarter. Comerica Bank now owns 24,986 shares of the construction company’s stock valued at $401,000 after buying an additional 2,592 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of James Hardie Industries plc by 0.3% in the fourth quarter. Private Advisor Group LLC now owns 14,925 shares of the construction company’s stock valued at $237,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 0.90% of the company’s stock.

About James Hardie Industries plc

James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.

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