James Hardie Industries (NYSE:JHX) Upgraded at Bank of America

Bank of America upgraded shares of James Hardie Industries (NYSE:JHX) from an underperform rating to a buy rating in a research note published on Thursday, Briefing.com Automated Import reports.

Other equities research analysts also recently issued research reports about the stock. TheStreet upgraded shares of James Hardie Industries from a c+ rating to a b rating in a research note on Friday, August 23rd. CLSA assumed coverage on shares of James Hardie Industries in a research note on Monday, November 4th. They issued an underperform rating on the stock. Royal Bank of Canada assumed coverage on James Hardie Industries in a research report on Thursday, August 29th. They issued an underperform rating for the company. ValuEngine raised James Hardie Industries from a strong sell rating to a sell rating in a research report on Friday, November 1st. Finally, UBS Group raised James Hardie Industries from a neutral rating to a buy rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold.

Shares of James Hardie Industries stock traded up $0.12 during midday trading on Thursday, hitting $19.10. The company had a trading volume of 13,328 shares, compared to its average volume of 16,735. The business’s 50 day simple moving average is $17.10 and its two-hundred day simple moving average is $14.64. The stock has a market cap of $7.73 billion, a PE ratio of 32.96 and a beta of 0.74. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.69. James Hardie Industries has a 1-year low of $10.00 and a 1-year high of $19.23.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $656.80 million for the quarter. James Hardie Industries had a net margin of 8.94% and a return on equity of 24.50%.

Hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. lifted its position in James Hardie Industries by 15.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 17,407 shares of the construction company’s stock worth $229,000 after purchasing an additional 2,392 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of James Hardie Industries by 10.2% in the third quarter. Wetherby Asset Management Inc. now owns 27,124 shares of the construction company’s stock valued at $456,000 after buying an additional 2,521 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of James Hardie Industries by 3.3% in the second quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock valued at $4,290,000 after buying an additional 10,400 shares in the last quarter. Northern Trust Corp increased its stake in shares of James Hardie Industries by 2.9% in the second quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock valued at $5,759,000 after buying an additional 12,173 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of James Hardie Industries by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,109,284 shares of the construction company’s stock valued at $14,654,000 after buying an additional 58,449 shares in the last quarter. 0.65% of the stock is owned by hedge funds and other institutional investors.

About James Hardie Industries

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.

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