James Hardie Industries (NYSE:JHX) Earns "Buy" Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of James Hardie Industries (NYSE:JHX - Free Report) in a research report report published on Thursday morning,Benzinga reports.

Several other brokerages have also recently weighed in on JHX. Truist Financial started 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 objective for the company. StockNews.com downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, December 25th. Finally, JPMorgan Chase & Co. raised James Hardie Industries from a "neutral" rating to an "overweight" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

James Hardie Industries Stock Down 3.8 %

JHX traded down $1.29 during trading hours on Thursday, hitting $32.57. 102,334 shares of the company's stock were exchanged, compared to its average volume of 115,525. The stock's 50-day moving average is $33.36 and its two-hundred day moving average is $34.66. James Hardie Industries has a 1-year low of $29.88 and a 1-year high of $43.57. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 4.66 and a beta of 1.80.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $960.80 million for the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts predict that James Hardie Industries will post 1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

Several hedge funds and other institutional investors have recently bought and sold shares of JHX. Versant Capital Management Inc bought a new stake in James Hardie Industries in the 4th quarter worth about $25,000. R Squared Ltd purchased a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC lifted its holdings in James Hardie Industries by 46.3% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company's stock worth $55,000 after acquiring an additional 432 shares during the period. Huntington National Bank bought a new position in James Hardie Industries in the 3rd quarter valued at $55,000. Finally, Pinpoint Asset Management Ltd purchased a new stake in shares of James Hardie Industries during the 3rd quarter valued at $64,000. 7.96% of the stock is owned by institutional investors.

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.