James Hardie Industries PLC. (NYSE:JHX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of James Hardie Industries PLC. (NYSE:JHX) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $26.15.

JHX has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Robert W. Baird dropped their price objective on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Zacks Research upgraded shares of James Hardie Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Truist Financial raised their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Vertical Research upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, November 19th.

Institutional Investors Weigh In On James Hardie Industries

Several large investors have recently bought and sold shares of JHX. Wellington Management Group LLP raised its position in James Hardie Industries by 259.7% in the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after purchasing an additional 36,567,726 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of James Hardie Industries by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,600,870 shares of the construction company’s stock worth $261,273,000 after buying an additional 882,795 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of James Hardie Industries by 22.2% during the fourth quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock worth $201,071,000 after buying an additional 1,758,111 shares during the period. Phoenix Financial Ltd. acquired a new stake in James Hardie Industries in the third quarter valued at approximately $105,839,000. Finally, Alyeska Investment Group L.P. raised its holdings in James Hardie Industries by 100.9% in the third quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock valued at $87,055,000 after acquiring an additional 2,275,762 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Up 6.7%

JHX opened at $26.02 on Thursday. James Hardie Industries has a 52 week low of $16.46 and a 52 week high of $33.00. The company has a quick ratio of 1.23, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $22.08 and a 200-day simple moving average of $21.54. The firm has a market cap of $11.18 billion, a P/E ratio of 96.36, a P/E/G ratio of 7.84 and a beta of 1.80.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. James Hardie Industries had a return on equity of 16.18% and a net margin of 2.70%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities analysts expect that James Hardie Industries will post 1.39 earnings per share for the current year.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.