James Hardie Industries (NYSE:JHX) Lowered to Neutral Rating by Macquarie

Macquarie cut shares of James Hardie Industries (NYSE:JHX) from an outperform rating to a neutral rating in a research report released on Monday, MarketBeat Ratings reports.

JHX has been the topic of a number of other reports. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Truist Financial began coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.00.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $23.80 on Monday. The company has a market capitalization of $10.23 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. James Hardie Industries has a 52 week low of $23.23 and a 52 week high of $43.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.18. The company’s 50 day moving average price is $32.00 and its two-hundred day moving average price is $33.75.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $953.30 million for the quarter, compared to analyst estimates of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, analysts expect that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

Institutional Trading of James Hardie Industries

A number of hedge funds and other institutional investors have recently modified their holdings of JHX. M&T Bank Corp acquired a new position in James Hardie Industries during the third quarter valued at approximately $293,000. Cerity Partners LLC increased its position in shares of James Hardie Industries by 58.8% during the 3rd quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 13,981 shares during the last quarter. FMR LLC raised its stake in shares of James Hardie Industries by 22.5% during the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after purchasing an additional 29,401 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of James Hardie Industries by 262.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company’s stock valued at $101,000 after buying an additional 2,380 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of James Hardie Industries by 67.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after buying an additional 20,496 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

About James Hardie Industries

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.