James Hardie Industries plc (NYSE:JHX - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $35.40, but opened at $34.12. James Hardie Industries shares last traded at $34.35, with a volume of 14,649 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded James Hardie Industries from a "hold" rating to a "buy" rating in a report on Tuesday, September 10th.
View Our Latest Stock Analysis on JHX
James Hardie Industries Trading Down 3.6 %
The firm has a fifty day moving average of $36.54 and a 200 day moving average of $34.81. 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 $14.80 billion, a PE ratio of 29.41, a P/E/G ratio of 4.08 and a beta of 1.74.
James Hardie Industries (NYSE:JHX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm earned $0.39 EPS. James Hardie Industries's quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that James Hardie Industries plc will post 1.46 EPS for the current year.
Institutional Investors Weigh In On James Hardie Industries
Hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC acquired a new stake in James Hardie Industries during the 1st quarter valued at approximately $30,000. Blue Trust Inc. grew its position in shares of James Hardie Industries by 55.7% in the 2nd quarter. Blue Trust Inc. now owns 1,045 shares of the construction company's stock worth $33,000 after acquiring an additional 374 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of James Hardie Industries by 693.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company's stock worth $47,000 after acquiring an additional 1,012 shares in the last quarter. GAMMA Investing LLC grew its position in shares of James Hardie Industries by 38.8% in the 1st quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company's stock worth $49,000 after acquiring an additional 341 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of James Hardie Industries in the 1st quarter worth approximately $71,000. Institutional investors and hedge funds own 7.96% of the company's stock.
About James Hardie Industries
(
Get Free Report)
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.
Further Reading
Before you consider James Hardie Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and James Hardie Industries wasn't on the list.
While James Hardie Industries currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
