James Hardie Industries (NYSE:JHX) Price Target Raised to $26.00 at Barclays

James Hardie Industries (NYSE:JHX) had its price objective upped by Barclays from $25.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price suggests a potential upside of 0.90% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Stephens began coverage on James Hardie Industries in a research note on Thursday, June 25th. They issued an “overweight” rating and a $31.00 price target for the company. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

James Hardie Industries Stock Down 0.4%

NYSE JHX traded down $0.09 on Friday, hitting $25.77. The stock had a trading volume of 392,437 shares, compared to its average volume of 7,047,983. The business’s fifty day moving average price is $23.97 and its 200 day moving average price is $22.67. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 116.96 and a beta of 1.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. James Hardie Industries has a 52-week low of $16.46 and a 52-week high of $29.83.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The business’s revenue for the quarter was up 44.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. Equities research analysts anticipate that James Hardie Industries will post 1.24 earnings per share for the current year.

Institutional Investors Weigh In On James Hardie Industries

A number of institutional investors and hedge funds have recently modified their holdings of JHX. Wellington Management Group LLP increased its holdings 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 worth $972,981,000 after buying an additional 36,567,726 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in James Hardie Industries during the 4th quarter valued at approximately $77,530,000. RDST Capital LLC purchased a new stake in shares of James Hardie Industries in the 4th quarter valued at $55,893,000. Renaissance Technologies LLC purchased a new stake in shares of James Hardie Industries in the 4th quarter valued at $53,641,000. Finally, Alyeska Investment Group L.P. increased its stake in shares of 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 worth $87,055,000 after acquiring an additional 2,275,762 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

About James Hardie Industries

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.