James Hardie Industries plc (NYSE:JHX) Given Average Recommendation of “Moderate Buy” by Brokerages

James Hardie Industries plc (NYSE:JHX) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.12.

JHX has been the subject of several research analyst reports. Raymond James set a $55.00 price target on shares of James Hardie Industries in a report on Monday, March 24th. Macquarie cut shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. Truist Financial reduced their price objective on shares of James Hardie Industries from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 21st. Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating and reduced their price objective for the stock from $27.40 to $27.35 in a research note on Thursday, March 27th. Finally, Wall Street Zen cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st.

James Hardie Industries Stock Down 0.5%

Shares of JHX opened at $27.15 on Friday. The firm has a 50 day simple moving average of $23.77 and a two-hundred day simple moving average of $29.07. The company has a market cap of $11.67 billion, a P/E ratio of 26.88, a P/E/G ratio of 6.16 and a beta of 1.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. James Hardie Industries has a one year low of $19.72 and a one year high of $43.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $971.50 million for the quarter, compared to analyst estimates of $983.86 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.61 earnings per share. Research analysts forecast that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

A number of institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in James Hardie Industries by 10.3% during the first quarter. Rhumbline Advisers now owns 10,694 shares of the construction company’s stock valued at $252,000 after acquiring an additional 999 shares during the last quarter. Jane Street Group LLC boosted its position in James Hardie Industries by 222.4% during the first quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after acquiring an additional 192,478 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in James Hardie Industries by 160.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock valued at $63,557,000 after acquiring an additional 1,662,743 shares during the last quarter. Millennium Management LLC boosted its position in James Hardie Industries by 5,001.3% during the first quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after acquiring an additional 978,314 shares during the last quarter. Finally, Ionic Capital Management LLC bought a new stake in James Hardie Industries during the first quarter valued at $377,000. 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.