James Hardie Industries (NYSE:JHX) Sees Strong Trading Volume

James Hardie Industries plc (NYSE:JHX - Get Free Report) saw unusually-high trading volume on Monday . Approximately 127,507 shares changed hands during mid-day trading, an increase of 136% from the previous session's volume of 54,065 shares.The stock last traded at $31.74 and had previously closed at $31.02.

Analyst Ratings Changes

JHX has been the subject of several recent analyst reports. StockNews.com cut shares of James Hardie Industries from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 21st. Macquarie raised shares of James Hardie Industries from a "neutral" rating to an "outperform" rating in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. cut shares of James Hardie Industries from an "overweight" rating to a "neutral" rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, James Hardie Industries has a consensus rating of "Hold" and an average price target of $35.50.

James Hardie Industries Trading Up 4.1 %

The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.68 and a beta of 1.72. The business's 50 day moving average price is $35.85 and its 200-day moving average price is $36.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 1.79.

Institutional Investors Weigh In On James Hardie Industries

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in James Hardie Industries by 38.8% during the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company's stock valued at $49,000 after purchasing an additional 341 shares during the last quarter. Lindbrook Capital LLC grew its stake in James Hardie Industries by 14.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company's stock valued at $117,000 after buying an additional 362 shares during the last quarter. Quadrant Capital Group LLC grew its stake in James Hardie Industries by 2.8% in the 4th quarter. Quadrant Capital Group LLC now owns 15,302 shares of the construction company's stock valued at $592,000 after buying an additional 424 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in James Hardie Industries by 4.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company's stock valued at $254,000 after buying an additional 433 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in James Hardie Industries by 1.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 36,658 shares of the construction company's stock valued at $1,418,000 after buying an additional 455 shares during the last quarter. Institutional investors own 7.96% of the company's stock.

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.