StockNews.com Upgrades James Hardie Industries (NYSE:JHX) to Buy

StockNews.com upgraded shares of James Hardie Industries (NYSE:JHX) from a hold rating to a buy rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $45.00.

James Hardie Industries Trading Up 1.6 %

Shares of JHX opened at $29.29 on Friday. The stock has a market capitalization of $12.59 billion, a P/E ratio of 29.00, a PEG ratio of 6.16 and a beta of 1.84. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $32.48 and a two-hundred day simple moving average of $33.99. James Hardie Industries has a twelve month low of $28.77 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, research analysts anticipate that James Hardie Industries will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC increased its stake in shares of James Hardie Industries by 20.0% in the 4th quarter. Lazard Asset Management LLC now owns 964,583 shares of the construction company’s stock worth $29,718,000 after acquiring an additional 161,059 shares in the last quarter. Bank of America Corp DE increased its stake in shares of James Hardie Industries by 19.4% in the 4th quarter. Bank of America Corp DE now owns 453,206 shares of the construction company’s stock worth $13,963,000 after acquiring an additional 73,504 shares in the last quarter. Northern Trust Corp increased its stake in shares of James Hardie Industries by 76.3% in the 4th quarter. Northern Trust Corp now owns 374,164 shares of the construction company’s stock worth $11,528,000 after acquiring an additional 161,899 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of James Hardie Industries by 10.3% in the 4th quarter. Natixis Advisors LLC now owns 190,243 shares of the construction company’s stock worth $5,861,000 after acquiring an additional 17,783 shares in the last quarter. Finally, FMR LLC increased its stake in shares of James Hardie Industries by 22.5% in the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after acquiring an additional 29,401 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

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.