James Hardie Industries plc (NYSE:JHX) Declares Semi-Annual Dividend of $0.22

James Hardie Industries plc (NYSE:JHX – Get Rating) announced a Semi-Annual dividend on Tuesday, May 17th, Zacks reports. Stockholders of record on Friday, May 27th will be paid a dividend of 0.215 per share by the construction company on Wednesday, June 29th. The ex-dividend date of this dividend is Thursday, May 26th.

James Hardie Industries has a payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect James Hardie Industries to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 42.8%.

JHX opened at $26.11 on Thursday. James Hardie Industries has a twelve month low of $26.02 and a twelve month high of $41.85. The company has a 50-day simple moving average of $30.24 and a 200 day simple moving average of $34.73. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 25.35 and a beta of 1.29.

Several equities research analysts recently weighed in on the stock. CLSA raised shares of James Hardie Industries from an “underperform” rating to an “outperform” rating in a research report on Monday, February 7th. Zacks Investment Research cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Finally, StockNews.com began coverage on shares of James Hardie Industries in a research report on Thursday, March 31st. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, James Hardie Industries currently has a consensus rating of “Buy” and an average target price of $45.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in shares of James Hardie Industries by 880.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock valued at $59,000 after buying an additional 1,760 shares during the period. Jane Street Group LLC acquired a new position in shares of James Hardie Industries in the first quarter valued at approximately $351,000. Captrust Financial Advisors increased its stake in shares of James Hardie Industries by 22.8% in the first quarter. Captrust Financial Advisors now owns 3,909 shares of the construction company’s stock valued at $118,000 after buying an additional 727 shares during the period. Brinker Capital Investments LLC increased its stake in shares of James Hardie Industries by 7.8% in the first quarter. Brinker Capital Investments LLC now owns 9,438 shares of the construction company’s stock valued at $285,000 after buying an additional 680 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of James Hardie Industries by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 58,524 shares of the construction company’s stock valued at $1,764,000 after buying an additional 4,904 shares during the period. 17.17% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Company Profile (Get Rating)

James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada.

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