James Hardie Industries PLC. (NYSE:JHX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

James Hardie Industries PLC. (NYSE:JHX) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.50.

Several research firms recently commented on JHX. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a report on Friday, August 7th. Truist Financial raised their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Oppenheimer boosted their price objective on shares of James Hardie Industries from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Stephens lifted their price target on James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Barclays raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday.

Institutional Trading of James Hardie Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in shares of James Hardie Industries by 259.7% in the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after buying an additional 36,567,726 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in James Hardie Industries during the 4th quarter worth about $77,530,000. RDST Capital LLC purchased a new position in James Hardie Industries during the fourth quarter valued at approximately $55,893,000. Renaissance Technologies LLC acquired a new position in shares of James Hardie Industries in the fourth quarter worth $53,641,000. Finally, Alyeska Investment Group L.P. raised its stake in shares of James Hardie Industries by 100.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock worth $87,055,000 after purchasing an additional 2,275,762 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

James Hardie Industries Trading Down 1.0%

JHX stock opened at $30.78 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 123.12, a PEG ratio of 1.95 and a beta of 1.77. The business has a fifty day simple moving average of $25.84 and a 200-day simple moving average of $23.19. James Hardie Industries has a 52 week low of $16.46 and a 52 week high of $31.24.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.The firm’s revenue for the quarter was up 63.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities research analysts expect that James Hardie Industries will post 1.43 EPS for the current year.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.