Analysts Set James Hardie Industries plc (NYSE:JHX) PT at $42.45

Shares of James Hardie Industries plc (NYSE:JHX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $42.45.

A number of analysts have issued reports on JHX shares. Morgan Stanley upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Monday, March 24th. StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a report on Friday, March 21st. Truist Financial set a $45.00 price target on James Hardie Industries in a research note on Monday, March 24th. Bank of America raised James Hardie Industries from an "underperform" rating to a "buy" rating and reduced their price objective for the stock from $27.40 to $27.35 in a research note on Thursday, March 27th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a research report on Thursday, January 30th.

Institutional Investors Weigh In On James Hardie Industries

Several institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc bought a new position in shares of James Hardie Industries during the 4th quarter valued at approximately $25,000. R Squared Ltd purchased a new position in James Hardie Industries during the fourth quarter worth $27,000. TD Private Client Wealth LLC increased its position in James Hardie Industries by 45.3% during the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock valued at $30,000 after acquiring an additional 303 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of James Hardie Industries in the third quarter valued at $71,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of James Hardie Industries in the 4th quarter worth about $55,000. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Price Performance

Shares of NYSE JHX traded up $1.01 during mid-day trading on Friday, reaching $23.51. The company's stock had a trading volume of 4,268,562 shares, compared to its average volume of 476,326. 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 has a 52 week low of $19.72 and a 52 week high of $43.57. The stock has a fifty day moving average of $27.08 and a two-hundred day moving average of $31.47. The firm has a market capitalization of $10.11 billion, a PE ratio of 23.28, a P/E/G ratio of 6.16 and a beta of 1.80.

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

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.