StockNews.com Downgrades James Hardie Industries (NYSE:JHX) to Hold

James Hardie Industries (NYSE:JHX - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 6th. Finally, Truist Financial started coverage on James Hardie Industries in a research report on Tuesday, December 10th. They issued a "buy" rating and a $45.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, James Hardie Industries currently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

James Hardie Industries Stock Performance

Shares of NYSE:JHX traded down $0.64 during mid-day trading on Friday, reaching $30.96. 48,037 shares of the company traded hands, compared to its average volume of 90,461. The company's 50 day moving average price is $32.43 and its 200-day moving average price is $34.44. The firm has a market cap of $13.31 billion, a PE ratio of 30.67, a PEG ratio of 6.16 and a beta of 1.81. James Hardie Industries has a 52 week low of $29.88 and a 52 week high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.

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

Hedge Funds Weigh In On James Hardie Industries

Several hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of James Hardie Industries during the 4th quarter worth approximately $25,000. R Squared Ltd bought a new position in shares of James Hardie Industries in the fourth quarter worth about $27,000. TD Private Client Wealth LLC lifted its holdings in James Hardie Industries by 45.3% during the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock valued at $30,000 after buying an additional 303 shares in the last quarter. Huntington National Bank purchased a new stake in James Hardie Industries in the 3rd quarter valued at about $55,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of James Hardie Industries during the third quarter worth approximately $64,000. 7.96% of the stock is currently 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.