James Hardie Industries’ (JHX) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of James Hardie Industries (NYSE:JHX) in a research report report published on Thursday morning,Benzinga reports.

A number of other research analysts have also issued reports on the stock. StockNews.com lowered shares of James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Truist Financial initiated coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, James Hardie Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

James Hardie Industries Stock Up 2.0 %

Shares of JHX opened at $34.04 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.50 and a current ratio of 2.02. James Hardie Industries has a 52 week low of $29.88 and a 52 week high of $43.57. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 4.59 and a beta of 1.80. The stock has a fifty day moving average of $33.48 and a 200-day moving average of $34.68.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The business had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $973.49 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that James Hardie Industries will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its stake in James Hardie Industries by 2.6% in the third quarter. Sequoia Financial Advisors LLC now owns 12,494 shares of the construction company’s stock valued at $502,000 after buying an additional 318 shares during the period. Franklin Resources Inc. increased its stake in shares of James Hardie Industries by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock valued at $315,000 after acquiring an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of James Hardie Industries by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock valued at $1,615,000 after acquiring an additional 420 shares during the period. GAMMA Investing LLC boosted its stake in James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock worth $55,000 after acquiring an additional 432 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in James Hardie Industries by 5.2% during the fourth quarter. Rhumbline Advisers now owns 9,695 shares of the construction company’s stock worth $299,000 after acquiring an additional 482 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

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.