James Hardie Industries (NYSE:JHX) Reaches New 1-Year Low - What's Next?

James Hardie Industries plc (NYSE:JHX - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $28.78 and last traded at $28.92, with a volume of 70672 shares. The stock had previously closed at $31.36.

Analyst Upgrades and Downgrades

JHX has been the subject of a number of recent research reports. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday. Jefferies Financial Group restated a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. 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 price objective on the stock. Finally, StockNews.com upgraded James Hardie Industries from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, James Hardie Industries presently has a consensus rating of "Moderate Buy" and an average price target of $45.00.

James Hardie Industries Stock Performance

The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84. The stock's 50-day simple moving average is $32.48 and its 200 day simple moving average is $33.99.

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James Hardie Industries (NYSE:JHX - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping 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. Analysts expect that James Hardie Industries plc 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 made changes to their positions in the business. Versant Capital Management Inc bought a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new stake in James Hardie Industries in the fourth quarter valued at approximately $27,000. TD Private Client Wealth LLC raised its holdings in James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after purchasing an additional 303 shares during the period. Aquatic Capital Management LLC bought a new position in shares of James Hardie Industries during the fourth quarter worth $55,000. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of James Hardie Industries in the 3rd quarter valued at $64,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.