TheStreet upgraded shares of James Hardie Industries (NYSE:JHX) from a c+ rating to a b- rating in a research note published on Friday morning.

Separately, ValuEngine downgraded shares of James Hardie Industries from a buy rating to a hold rating in a report on Wednesday, May 2nd.

JHX opened at $16.17 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.46 and a current ratio of 0.73. James Hardie Industries has a 1-year low of $13.62 and a 1-year high of $18.79. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 40.33 and a beta of 1.11.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Monday, May 21st. The construction company reported ($0.13) earnings per share for the quarter. James Hardie Industries had a return on equity of 237.68% and a net margin of 8.16%. The business had revenue of $525.90 million for the quarter.

The firm also recently disclosed a semiannual dividend, which was paid on Friday, August 3rd. Shareholders of record on Thursday, June 7th were issued a dividend of $0.30 per share. This is an increase from James Hardie Industries’s previous semiannual dividend of $0.10. The ex-dividend date of this dividend was Wednesday, June 6th. This represents a yield of 3.59%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHX. Jane Street Group LLC raised its holdings in James Hardie Industries by 459.8% during the second quarter. Jane Street Group LLC now owns 56,324 shares of the construction company’s stock worth $952,000 after buying an additional 46,262 shares during the last quarter. Renaissance Technologies LLC raised its holdings in James Hardie Industries by 4.8% during the second quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock worth $4,784,000 after buying an additional 12,927 shares during the last quarter. Northern Trust Corp raised its holdings in James Hardie Industries by 2.7% during the first quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock worth $7,244,000 after buying an additional 10,692 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in James Hardie Industries during the second quarter worth $525,000. Finally, Wells Fargo & Company MN raised its holdings in James Hardie Industries by 20.6% during the fourth quarter. Wells Fargo & Company MN now owns 32,354 shares of the construction company’s stock worth $570,000 after buying an additional 5,531 shares during the last quarter. Hedge funds and other institutional investors own 0.60% of the company’s stock.

James Hardie Industries Company Profile

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.

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