James Hardie Industries (NYSE:JHX) Lifted to Outperform at Macquarie

Macquarie upgraded shares of James Hardie Industries (NYSE:JHX) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning, MarketBeat reports.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded James Hardie Industries from an overweight rating to a neutral rating in a research report on Tuesday. Bank of America downgraded James Hardie Industries from a neutral rating to an underperform rating and set a $35.50 price objective on the stock. in a report on Tuesday, January 23rd. Finally, StockNews.com upgraded James Hardie Industries from a buy rating to a strong-buy rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $35.50.

James Hardie Industries Price Performance

NYSE:JHX opened at $31.28 on Tuesday. James Hardie Industries has a 52 week low of $24.18 and a 52 week high of $41.98. The company has a quick ratio of 1.46, a current ratio of 1.79 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $13.57 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.76 and a beta of 1.72. The stock’s fifty day moving average is $37.02 and its two-hundred day moving average is $36.37.

Institutional Investors Weigh In On James Hardie Industries

Several institutional investors and hedge funds have recently modified their holdings of JHX. Atlas Capital Advisors LLC purchased a new stake in shares of James Hardie Industries in the 1st quarter valued at $30,000. GAMMA Investing LLC acquired a new position in James Hardie Industries during the 4th quarter worth $33,000. Whittier Trust Co. of Nevada Inc. grew its stake in James Hardie Industries by 693.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,012 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in James Hardie Industries during the 1st quarter worth $71,000. Finally, Lindbrook Capital LLC grew its stake in James Hardie Industries by 14.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock worth $117,000 after purchasing an additional 362 shares in the last quarter. 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.