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

Shares of James Hardie Industries PLC. (NYSE:JHX) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.7056.

A number of analysts recently issued reports on JHX shares. Raymond James Financial set a $21.00 price objective on James Hardie Industries in a report on Monday, December 8th. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 11th. Robert W. Baird cut their price objective on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Oppenheimer boosted their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. Finally, Vertical Research raised shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, November 19th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Modus Advisors LLC purchased a new position in James Hardie Industries during the fourth quarter worth about $31,000. Hantz Financial Services Inc. boosted its position in shares of James Hardie Industries by 641.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,058 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of James Hardie Industries by 3,431.1% during the fourth 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. MAI Capital Management grew its holdings in shares of James Hardie Industries by 4,266.7% during the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of James Hardie Industries by 11,238.5% in the second 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 during the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Down 0.5%

JHX opened at $25.17 on Thursday. James Hardie Industries has a 12 month low of $16.46 and a 12 month high of $32.99. The company has a market cap of $10.82 billion, a PE ratio of 93.20, a price-to-earnings-growth ratio of 5.64 and a beta of 1.80. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $22.67 and a 200 day moving average of $21.51.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. James Hardie Industries had a return on equity of 13.52% and a net margin of 2.70%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, sell-side analysts expect that James Hardie Industries will post 1.39 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.