James Hardie Industries (NYSE:JHX) Shares Gap Down – Here’s What Happened

James Hardie Industries plc (NYSE:JHX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $35.40, but opened at $34.12. James Hardie Industries shares last traded at $34.35, with a volume of 14,649 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

James Hardie Industries Stock Down 4.0 %

The firm has a 50-day moving average price of $36.54 and a two-hundred day moving average price of $34.81. The company has a market capitalization of $14.74 billion, a P/E ratio of 29.32, a PEG ratio of 4.08 and a beta of 1.74. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57.

James Hardie Industries (NYSE:JHX) last released its earnings results on Tuesday, August 13th. The construction company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%. The firm had revenue of $991.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $0.39 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that James Hardie Industries plc will post 1.46 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new stake in James Hardie Industries in the 1st quarter valued at about $30,000. Blue Trust Inc. increased its position in James Hardie Industries by 55.7% in the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after acquiring an additional 374 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in James Hardie Industries by 693.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,012 shares in the last quarter. GAMMA Investing LLC grew its position in shares of James Hardie Industries by 38.8% during the 1st quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock worth $49,000 after buying an additional 341 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of James Hardie Industries during the 2nd quarter worth approximately $66,000. 7.96% of the stock is owned by institutional investors.

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.