James Hardie Industries plc (NYSE:JHX - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $32.53, but opened at $31.81. James Hardie Industries shares last traded at $32.12, with a volume of 4,871 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on JHX shares. StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a report on Tuesday. 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 on the stock. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and an average target price of $40.25.
Read Our Latest Analysis on James Hardie Industries
James Hardie Industries Price Performance
The company has a market cap of $13.51 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 4.35 and a beta of 1.77. The company has a fifty day simple moving average of $34.66 and a two-hundred day simple moving average of $34.57. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57.
James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $960.80 million for the quarter, compared to analysts' expectations of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The firm's revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. On average, equities research analysts anticipate that James Hardie Industries plc will post 1.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On James Hardie Industries
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new position in shares of James Hardie Industries in the second quarter worth $12,162,000. Natixis Advisors LLC lifted its holdings in James Hardie Industries by 317.2% in the 3rd quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company's stock valued at $6,924,000 after purchasing an additional 131,120 shares in the last quarter. FMR LLC lifted its holdings in James Hardie Industries by 22.5% in the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company's stock valued at $6,435,000 after purchasing an additional 29,401 shares in the last quarter. Creative Planning boosted its stake in shares of James Hardie Industries by 16.3% during the 3rd quarter. Creative Planning now owns 77,168 shares of the construction company's stock worth $3,098,000 after purchasing an additional 10,803 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of James Hardie Industries by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company's stock worth $2,223,000 after buying an additional 534 shares in the last quarter. Hedge funds and other institutional investors 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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