TheStreet Lowers James Hardie Industries (NYSE:JHX) to C+

TheStreet cut shares of James Hardie Industries (NYSE:JHXGet Rating) from a b- rating to a c+ rating in a report published on Monday morning, TheStreetRatingsTable reports.

Other analysts also recently issued research reports about the company. Jefferies Financial Group downgraded James Hardie Industries from a buy rating to an underperform rating in a research note on Thursday, November 10th. Bank of America assumed coverage on James Hardie Industries in a research note on Thursday, September 29th. They issued a buy rating and a $29.80 target price on the stock. Royal Bank of Canada downgraded James Hardie Industries from an outperform rating to a sector perform rating in a research note on Tuesday, November 8th. Finally, StockNews.com upgraded James Hardie Industries from a hold rating to a buy rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $29.80.

James Hardie Industries Stock Up 1.9 %

Shares of JHX opened at $19.55 on Monday. James Hardie Industries has a 52 week low of $17.86 and a 52 week high of $41.64. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.24 and a beta of 1.34. The stock’s 50-day moving average price is $20.61 and its 200-day moving average price is $22.87.

Hedge Funds Weigh In On James Hardie Industries

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in shares of James Hardie Industries by 443.4% during the first quarter. Envestnet Asset Management Inc. now owns 58,546 shares of the construction company’s stock valued at $1,765,000 after acquiring an additional 47,771 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of James Hardie Industries by 150.7% during the first quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after acquiring an additional 1,486 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of James Hardie Industries by 34.2% during the first quarter. New York State Common Retirement Fund now owns 20,989 shares of the construction company’s stock valued at $633,000 after acquiring an additional 5,345 shares during the last quarter. Balentine LLC raised its holdings in shares of James Hardie Industries by 115.7% during the first quarter. Balentine LLC now owns 10,690 shares of the construction company’s stock valued at $322,000 after acquiring an additional 5,734 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of James Hardie Industries during the first quarter valued at approximately $664,000. Institutional investors and hedge funds own 1.54% of the company’s stock.

About James Hardie Industries

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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.

Further Reading

Analyst Recommendations for James Hardie Industries (NYSE:JHX)

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