James Hardie Industries plc (NYSE:JHX - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 467,377 shares changed hands during trading, an increase of 424% from the previous session's volume of 89,268 shares.The stock last traded at $24.36 and had previously closed at $29.28.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on JHX. StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Raymond James set a $55.00 target price on shares of James Hardie Industries in a report on Monday. Truist Financial initiated coverage on shares of James Hardie Industries in a research note on Tuesday, December 10th. They issued a "buy" rating and a $45.00 price target for the company. Bank of America upgraded James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their price objective for the company from $27.40 to $27.35 in a research note on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.45.
Check Out Our Latest Report on JHX
James Hardie Industries Trading Down 1.2 %
The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 6.16 and a beta of 1.84. The business's 50 day moving average is $31.80 and its 200 day moving average is $33.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50.
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 (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 during the quarter, compared to analysts' expectations of $967.63 million. As a group, equities 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 added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new position in shares of James Hardie Industries in the 4th quarter valued at $25,000. R Squared Ltd purchased a new stake in shares of James Hardie Industries during the fourth quarter worth approximately $27,000. TD Private Client Wealth LLC grew its position in James Hardie Industries by 45.3% in 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 during the last quarter. Pinpoint Asset Management Ltd acquired a new position in James Hardie Industries in the 3rd quarter valued at $64,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in James Hardie Industries during the 3rd quarter worth $71,000. Institutional investors and hedge funds own 7.96% of the company's stock.
James Hardie Industries Company Profile
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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.
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