James Hardie Industries plc (NYSE:JHX) Given Average Recommendation of "Moderate Buy" by Brokerages

James Hardie Industries plc (NYSE:JHX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.45.

A number of research firms have recently commented on JHX. Macquarie cut shares of James Hardie Industries from an "outperform" rating to a "neutral" rating in a research note on Monday. Truist Financial started coverage on James Hardie Industries in a research note on Tuesday, December 10th. They set a "buy" rating and a $45.00 price objective for the company. Raymond James set a $55.00 price target on James Hardie Industries in a research note on Monday. Bank of America upgraded James Hardie Industries from an "underperform" rating to a "buy" rating and decreased their price objective for the company from $27.40 to $27.35 in a report on Thursday. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a research report on Thursday, January 30th.

James Hardie Industries Price Performance

JHX traded down $0.40 during trading on Monday, hitting $24.24. The company's stock had a trading volume of 3,495,117 shares, compared to its average volume of 218,952. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 6.16 and a beta of 1.84. James Hardie Industries has a twelve month low of $23.23 and a twelve month high of $43.57. The business's fifty day simple moving average is $31.80 and its 200 day simple moving average is $33.68. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

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James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $953.30 million for the quarter, compared to analysts' expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, equities research analysts forecast that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in shares of James Hardie Industries in the fourth quarter valued at about $25,000. R Squared Ltd purchased a new stake in shares of James Hardie Industries in the 4th quarter valued at approximately $27,000. TD Private Client Wealth LLC increased its holdings in shares of James Hardie Industries by 45.3% during the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company's stock worth $30,000 after buying an additional 303 shares during the last quarter. Pinpoint Asset Management Ltd purchased a new stake in shares of James Hardie Industries during the 3rd quarter valued at approximately $64,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in James Hardie Industries in the third quarter valued at approximately $71,000. 7.96% of the stock is owned by institutional investors and hedge funds.

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.