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

Shares of James Hardie Industries plc (NYSE:JHX - Get Free Report) saw an uptick in trading volume on Friday . 101,084 shares were traded during trading, an increase of 47% from the previous session's volume of 68,931 shares.The stock last traded at $39.22 and had previously closed at $38.54.

Wall Street Analyst Weigh In

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

James Hardie Industries Trading Up 1.5 %

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 has a market capitalization of $16.88 billion, a P/E ratio of 33.22, a PEG ratio of 4.32 and a beta of 1.74. The business has a 50 day moving average of $35.56 and a 200-day moving average of $35.19.

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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $991.90 million during the quarter, compared to the consensus estimate of $1.01 billion. James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Analysts anticipate that James Hardie Industries plc will post 1.46 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of James Hardie Industries by 1.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,002,215 shares of the construction company's stock worth $38,756,000 after buying an additional 11,235 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of James Hardie Industries in the second quarter valued at approximately $12,162,000. Jennison Associates LLC lifted its position in shares of James Hardie Industries by 186.0% in the first quarter. Jennison Associates LLC now owns 335,239 shares of the construction company's stock worth $13,564,000 after purchasing an additional 218,033 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of 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 worth $12,697,000 after purchasing an additional 89,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in James Hardie Industries by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company's stock worth $2,223,000 after purchasing an additional 534 shares during the last quarter. Institutional investors and hedge funds 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.

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