James Hardie Industries (NYSE:JHX) Trading 6.5% Higher

Shares of James Hardie Industries plc (NYSE:JHX - Get Free Report) traded up 6.5% during mid-day trading on Thursday . The stock traded as high as $38.56 and last traded at $38.56. 10,683 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 60,827 shares. The stock had previously closed at $36.19.

Analysts Set New Price Targets

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

James Hardie Industries Stock Up 7.1 %

The company has a market cap of $16.81 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 3.98 and a beta of 1.74. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The firm's fifty day moving average price is $34.95 and its 200-day moving average price is $35.22.

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

Hedge Funds Weigh In On James Hardie Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC acquired a new position in James Hardie Industries in the 1st quarter worth $30,000. Blue Trust Inc. boosted its stake in 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 purchasing an additional 374 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of James Hardie Industries by 693.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company's stock worth $47,000 after buying an additional 1,012 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of James Hardie Industries by 38.8% during the 1st quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company's stock worth $49,000 after buying an additional 341 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of James Hardie Industries during the 1st quarter worth about $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.