James Hardie Industries (NYSE:JHX) Cut to Hold at StockNews.com

StockNews.com lowered shares of James Hardie Industries (NYSE:JHX) from a buy rating to a hold rating in a research note released on Tuesday.

Separately, JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th.

James Hardie Industries Stock Up 2.8 %

James Hardie Industries stock opened at $36.15 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.44. The stock has a market capitalization of $15.52 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 3.93 and a beta of 1.76. The business has a 50 day simple moving average of $35.68 and a 200-day simple moving average of $34.41. James Hardie Industries has a 12 month low of $29.88 and a 12 month high of $43.57.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 36.30%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts anticipate that James Hardie Industries will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

A number of large investors have recently modified their holdings of the business. Mediolanum International Funds Ltd acquired a new position in James Hardie Industries during the third quarter worth about $2,369,000. Point72 Asset Management L.P. acquired a new position in shares of James Hardie Industries during the 2nd quarter worth approximately $12,162,000. Blue Trust Inc. grew its position in shares of James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after purchasing an additional 374 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of James Hardie Industries by 39.7% in the first quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock valued at $12,697,000 after purchasing an additional 89,165 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in James Hardie Industries by 155.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,475 shares of the construction company’s stock worth $141,000 after buying an additional 2,726 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.