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

James Hardie Industries PLC. (NYSE:JHX) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.00.

Several equities analysts have commented on JHX shares. Barclays lowered their price objective on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. Zacks Research lowered shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Truist Financial raised their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th.

James Hardie Industries Stock Down 0.1%

Shares of JHX stock opened at $20.79 on Friday. James Hardie Industries has a 12 month low of $16.46 and a 12 month high of $29.83. The stock has a market cap of $8.94 billion, a P/E ratio of 94.49, a P/E/G ratio of 11.30 and a beta of 1.79. The company has a current ratio of 1.58, a quick ratio of 0.95 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $20.18 and a two-hundred day simple moving average of $21.06.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The company’s revenue for the quarter was up 44.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. On average, research analysts expect that James Hardie Industries will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in James Hardie Industries in the 1st quarter worth approximately $28,000. Modus Advisors LLC acquired a new stake in James Hardie Industries in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC boosted its stake in James Hardie Industries by 3,431.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $40,000 after purchasing an additional 1,461 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in James Hardie Industries in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.