James Hardie Industries (NYSE:JHX) Sets New 1-Year Low – What’s Next?

James Hardie Industries plc (NYSE:JHX)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $19.85 and last traded at $20.32, with a volume of 283828 shares. The stock had previously closed at $21.24.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JHX shares. Raymond James set a $55.00 price target on James Hardie Industries in a research report on Monday, March 24th. StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday, March 24th. Bank of America raised James Hardie Industries from an “underperform” rating to a “buy” rating and reduced their price objective for the stock from $27.40 to $27.35 in a research note on Thursday, March 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.45.

James Hardie Industries Price Performance

The company has a 50-day moving average price of $30.48 and a 200-day moving average price of $33.11. The firm has a market capitalization of $8.75 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18.

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

Institutional Trading of James Hardie Industries

Several hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc bought a new stake in James Hardie Industries in the 4th quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in James Hardie Industries in the fourth quarter valued at $27,000. TD Private Client Wealth LLC lifted its stake in James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock valued at $30,000 after purchasing an additional 303 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of James Hardie Industries in the third quarter valued at approximately $71,000. Finally, Aquatic Capital Management LLC bought a new position in James Hardie Industries during the fourth quarter worth $55,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.