James Hardie Industries (NYSE:JHX) Issues Earnings Results, Beats Expectations By $0.02 EPS

James Hardie Industries (NYSE:JHXGet Free Report) posted its quarterly earnings data on Monday. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02, Briefing.com reports. James Hardie Industries had a net margin of 13.16% and a return on equity of 37.62%. The firm had revenue of $978.30 million during the quarter, compared to analyst estimates of $960.23 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue was up 13.7% on a year-over-year basis.

James Hardie Industries Trading Up 0.6 %

NYSE JHX traded up $0.23 during trading on Monday, reaching $39.16. 61,003 shares of the stock traded hands, compared to its average volume of 68,115. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.02 and a beta of 1.71. The stock’s 50-day moving average price is $36.79 and its 200 day moving average price is $31.30. The company has a quick ratio of 1.26, a current ratio of 1.70 and a debt-to-equity ratio of 0.54. James Hardie Industries has a fifty-two week low of $19.72 and a fifty-two week high of $39.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JHX. Cerity Partners LLC lifted its position in shares of James Hardie Industries by 2.1% in the second quarter. Cerity Partners LLC now owns 21,861 shares of the construction company’s stock worth $588,000 after purchasing an additional 448 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of James Hardie Industries by 1.7% in the second quarter. Natixis Advisors L.P. now owns 28,207 shares of the construction company’s stock valued at $619,000 after acquiring an additional 481 shares in the last quarter. Balentine LLC grew its stake in shares of James Hardie Industries by 5.6% in the second quarter. Balentine LLC now owns 10,590 shares of the construction company’s stock valued at $285,000 after acquiring an additional 560 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of James Hardie Industries by 2.7% in the fourth quarter. Captrust Financial Advisors now owns 21,903 shares of the construction company’s stock valued at $393,000 after acquiring an additional 582 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in James Hardie Industries by 28.0% during the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock worth $88,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 1.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on JHX shares. Bank of America downgraded shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price target on the stock. in a report on Tuesday, January 23rd. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th.

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About James Hardie Industries

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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.

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Earnings History for James Hardie Industries (NYSE:JHX)

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