James Hardie Industries PLC. (NYSE:JHX) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Separately, CLSA raised shares of James Hardie Industries PLC. from a “sell” rating to an “outperform” rating in a research report on Thursday, April 20th.

Shares of James Hardie Industries PLC. (NYSE:JHX) opened at 13.68 on Friday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 24.47 and a beta of 1.14. The stock’s 50 day moving average price is $15.17 and its 200 day moving average price is $15.44. James Hardie Industries PLC. has a 52 week low of $13.62 and a 52 week high of $17.30.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new position in James Hardie Industries PLC. during the fourth quarter worth $3,460,000. Wetherby Asset Management Inc. raised its position in James Hardie Industries PLC. by 2.1% in the first quarter. Wetherby Asset Management Inc. now owns 21,287 shares of the construction company’s stock worth $336,000 after buying an additional 447 shares in the last quarter. US Bancorp DE raised its position in James Hardie Industries PLC. by 34.4% in the first quarter. US Bancorp DE now owns 8,325 shares of the construction company’s stock worth $133,000 after buying an additional 2,130 shares in the last quarter. Karp Capital Management Corp purchased a new position in James Hardie Industries PLC. during the first quarter worth $3,048,000. Finally, World Asset Management Inc raised its position in James Hardie Industries PLC. by 1.1% in the first quarter. World Asset Management Inc now owns 27,506 shares of the construction company’s stock worth $435,000 after buying an additional 299 shares in the last quarter. 0.54% of the stock is owned by hedge funds and other institutional investors.

About James Hardie Industries PLC.

James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.

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