James Hardie Industries (NYSE:JHX) Announces Earnings Results, Meets Estimates

James Hardie Industries (NYSE:JHX) announced its quarterly earnings results on Monday. The construction company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26, Zacks reports. James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.

James Hardie Industries Stock Up 0.0%

NYSE:JHX traded up $0.00 during mid-day trading on Monday, hitting $16.69. 11,346,920 shares of the company’s stock were exchanged, compared to its average volume of 4,858,744. The company has a market cap of $7.18 billion, a PE ratio of 21.68, a P/E/G ratio of 14.34 and a beta of 1.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.76 and a quick ratio of 3.31. James Hardie Industries has a one year low of $16.46 and a one year high of $37.65. The business has a fifty day moving average price of $20.03 and a 200 day moving average price of $23.41.

Analyst Ratings Changes

JHX has been the topic of several research analyst reports. Vertical Research began coverage on James Hardie Industries in a research note on Monday, October 20th. They set a “hold” rating on the stock. Oppenheimer set a $28.00 price objective on shares of James Hardie Industries and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Citigroup raised shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 4th. Macquarie upgraded shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Monday, July 28th. Finally, Wolfe Research initiated coverage on shares of James Hardie Industries in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $25.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,461 shares during the last quarter. Osaic Holdings Inc. boosted its stake in James Hardie Industries by 67.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,034 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in James Hardie Industries during the 3rd quarter valued at about $167,000. Quinn Opportunity Partners LLC bought a new stake in James Hardie Industries during the 3rd quarter valued at about $192,000. Finally, Quantessence Capital LLC bought a new stake in James Hardie Industries during the 3rd quarter valued at about $301,000. Hedge funds and other 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.