James Hardie Industries plc (JHX) Given Consensus Recommendation of “Hold” by Analysts

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James Hardie Industries plc (NYSE:JHX) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company.

JHX has been the subject of a number of research reports. UBS Group cut James Hardie Industries from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. ValuEngine upgraded James Hardie Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of James Hardie Industries during the first quarter worth approximately $444,000. Goldman Sachs Group Inc. raised its stake in shares of James Hardie Industries by 104.4% during the first quarter. Goldman Sachs Group Inc. now owns 262,454 shares of the construction company’s stock worth $3,378,000 after purchasing an additional 134,079 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of James Hardie Industries by 3.3% during the first quarter. Renaissance Technologies LLC now owns 314,327 shares of the construction company’s stock worth $4,045,000 after purchasing an additional 10,100 shares during the last quarter. Northern Trust Corp raised its stake in shares of James Hardie Industries by 15.0% during the first quarter. Northern Trust Corp now owns 423,802 shares of the construction company’s stock worth $5,454,000 after purchasing an additional 55,249 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of James Hardie Industries by 18.8% during the first quarter. Principal Financial Group Inc. now owns 38,000 shares of the construction company’s stock worth $489,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

Shares of NYSE JHX opened at $12.81 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.35 and a quick ratio of 0.76. James Hardie Industries has a twelve month low of $10.00 and a twelve month high of $17.55. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 31.88 and a beta of 0.78.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 6th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, June 5th. This is a boost from James Hardie Industries’s previous Semi-Annual dividend of $0.21.

James Hardie Industries Company Profile

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.

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