James Hardie Industries (NYSE:JHX) Reaches New 52-Week Low – Should You Sell?

James Hardie Industries plc (NYSE:JHX) hit a new 52-week low on Tuesday . The company traded as low as $22.91 and last traded at $23.17, with a volume of 52977 shares trading hands. The stock had previously closed at $23.56.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Macquarie lowered shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research report on Monday, March 24th. Truist Financial assumed coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target for the company. Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research note on Thursday, January 30th. Bank of America upgraded shares of James Hardie Industries from an “underperform” rating to a “buy” rating and decreased their target price for the stock from $27.40 to $27.35 in a research note on Thursday, March 27th. Finally, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, James Hardie Industries currently has an average rating of “Moderate Buy” and an average target price of $42.45.

James Hardie Industries Stock Performance

The company has a market cap of $10.18 billion, a PE ratio of 23.46, a P/E/G ratio of 6.16 and a beta of 1.84. 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 stock’s 50-day simple moving average is $30.97 and its 200 day simple moving average is $33.33.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The firm had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. As a group, equities analysts anticipate that James Hardie Industries plc will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC grew its position in James Hardie Industries by 45.3% during the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after buying an additional 303 shares during the period. Franklin Resources Inc. boosted its stake in shares of James Hardie Industries by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after acquiring an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of James Hardie Industries by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after acquiring an additional 420 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of James Hardie Industries by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock worth $616,000 after acquiring an additional 433 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in James Hardie Industries by 9.5% in the 4th quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock valued at $161,000 after purchasing an additional 453 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.