James Hardie Industries plc (NYSE:JHX) Receives Consensus Rating of “Moderate Buy” from Brokerages

James Hardie Industries plc (NYSE:JHX) has earned a consensus rating of “Moderate Buy” from the four research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $45.00.

JHX has been the subject of a number of recent research reports. Macquarie lowered shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday. StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a report on Monday. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. Finally, Truist Financial assumed coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price target on the stock.

James Hardie Industries Stock Performance

Shares of JHX traded down $5.04 during mid-day trading on Monday, hitting $24.25. The stock had a trading volume of 8,800,446 shares, compared to its average volume of 244,823. James Hardie Industries has a 52 week low of $23.31 and a 52 week high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The business has a fifty day moving average price of $32.48 and a 200-day moving average price of $33.99. The firm has a market cap of $10.42 billion, a P/E ratio of 24.01, a PEG ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $953.30 million for the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, equities research analysts expect that James Hardie Industries will post 1.39 EPS for the current year.

Institutional Trading of James Hardie Industries

A number of hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC raised its stake in shares of James Hardie Industries by 5.2% during the third quarter. Pathstone Holdings LLC now owns 41,798 shares of the construction company’s stock worth $1,678,000 after acquiring an additional 2,060 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of James Hardie Industries by 67.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after purchasing an additional 20,496 shares during the last quarter. Cerity Partners LLC raised its position in James Hardie Industries by 58.8% in the 3rd quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 13,981 shares during the period. FMR LLC boosted its position in James Hardie Industries by 22.5% during the third quarter. FMR LLC now owns 160,273 shares of the construction company’s stock valued at $6,435,000 after buying an additional 29,401 shares during the period. Finally, Townsquare Capital LLC bought a new position in shares of James Hardie Industries during the third quarter valued at about $227,000. 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.