James Hardie Industries (NYSE:JHX) Upgraded at Vertical Research

Vertical Research upgraded shares of James Hardie Industries (NYSE:JHX) from a hold rating to a buy rating in a research report released on Wednesday, Marketbeat.com reports. Vertical Research currently has $21.00 price target on the construction company’s stock.

A number of other analysts have also issued reports on the stock. Raymond James Financial set a $28.00 price target on shares of James Hardie Industries in a research note on Wednesday, October 29th. Macquarie raised shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Monday, July 28th. Truist Financial upped their target price on shares of James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating on shares of James Hardie Industries in a research report on Thursday, August 21st. Finally, Jefferies Financial Group began coverage on James Hardie Industries in a research note on Friday, August 8th. They issued a “buy” rating and a $34.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $27.42.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $18.66 on Wednesday. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 14.34 and a beta of 1.82. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $37.65. The business has a 50-day moving average of $19.82 and a 200-day moving average of $23.21. 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 (NYSE:JHX) last posted its earnings results on Monday, November 17th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. On average, equities analysts anticipate that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its stake in James Hardie Industries by 70.4% in the second quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $30,000 after buying an additional 455 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of James Hardie Industries by 641.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock worth $33,000 after acquiring an additional 1,058 shares during the period. MAI Capital Management increased its holdings in shares of James Hardie Industries by 4,266.7% in the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after acquiring an additional 1,280 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,461 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in James Hardie Industries during the 2nd quarter valued at about $52,000. Institutional investors and hedge funds 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.