James Hardie Industries (NYSE:JHX) Rating Increased to Overweight at JPMorgan Chase & Co.

James Hardie Industries (NYSE:JHX - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports.

Separately, StockNews.com upgraded shares of James Hardie Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th.

James Hardie Industries Price Performance

Shares of JHX stock traded down $0.04 during trading hours on Wednesday, hitting $32.30. The company had a trading volume of 112,975 shares, compared to its average volume of 74,385. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.94. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 3.58 and a beta of 1.76. James Hardie Industries has a 12 month low of $26.40 and a 12 month high of $43.57. The firm's fifty day moving average is $36.25 and its 200 day moving average is $34.51.

James Hardie Industries (NYSE:JHX - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The firm had revenue of $991.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that James Hardie Industries will post 1.46 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Several hedge funds have recently modified their holdings of JHX. Point72 Asset Management L.P. bought a new position in James Hardie Industries in the 2nd quarter valued at $12,162,000. Acadian Asset Management LLC boosted its holdings in James Hardie Industries by 39.7% in the first quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company's stock valued at $12,697,000 after acquiring an additional 89,165 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in James Hardie Industries in the third quarter worth about $2,369,000. Boston Common Asset Management LLC acquired a new position in James Hardie Industries during the 2nd quarter valued at about $1,671,000. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of James Hardie Industries by 83.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,996 shares of the construction company's stock valued at $2,088,000 after purchasing an additional 23,723 shares during the last quarter. 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.