James Hardie Industries (NYSE:JHX) Cut to Neutral at Macquarie

Macquarie downgraded shares of James Hardie Industries (NYSE:JHX - Free Report) from an outperform rating to a neutral rating in a report released on Monday, Marketbeat Ratings reports.

A number of other research firms also recently issued reports on JHX. Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Finally, Truist Financial assumed coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They set a "buy" rating and a $45.00 price target for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, James Hardie Industries currently has an average rating of "Moderate Buy" and a consensus price target of $42.45.

James Hardie Industries Stock Performance

NYSE:JHX traded down $0.20 during mid-day trading on Monday, reaching $24.45. The company's stock had a trading volume of 1,578,434 shares, compared to its average volume of 621,987. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock has a market cap of $10.51 billion, a P/E ratio of 24.19, a PEG ratio of 6.16 and a beta of 1.84. The firm's fifty day moving average price is $31.80 and its two-hundred day moving average price is $33.68. James Hardie Industries has a 12-month low of $23.23 and a 12-month high of $43.57.

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James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $967.63 million. On average, equities analysts forecast that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Several hedge funds have recently bought and sold shares of JHX. Pathstone Holdings LLC lifted its position in shares of James Hardie Industries by 5.2% during the 3rd quarter. Pathstone Holdings LLC now owns 41,798 shares of the construction company's stock valued at $1,678,000 after buying an additional 2,060 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in James Hardie Industries by 67.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company's stock worth $2,051,000 after acquiring an additional 20,496 shares during the period. Cerity Partners LLC lifted its holdings in James Hardie Industries by 58.8% during the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company's stock valued at $1,517,000 after purchasing an additional 13,981 shares in the last quarter. FMR LLC boosted its position in shares of James Hardie Industries by 22.5% in the third 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 during the period. Finally, Townsquare Capital LLC bought a new position in shares of James Hardie Industries in the third quarter worth approximately $227,000. Institutional investors own 7.96% of the company's stock.

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.