James Hardie Industries (NYSE:JHX) Shares Cross Above 200-Day Moving Average of $20.99

James Hardie Industries plc (NYSE:JHX – Get Rating)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.99 and traded as high as $21.03. James Hardie Industries shares last traded at $20.97, with a volume of 76,274 shares changing hands.

Analyst Ratings Changes

JHX has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a report on Tuesday, February 21st. The Goldman Sachs Group initiated coverage on shares of James Hardie Industries in a research report on Wednesday, February 1st. They set a “buy” rating on the stock. TheStreet upgraded shares of James Hardie Industries from a “c+” rating to a “b-” rating in a research report on Thursday, February 9th. Royal Bank of Canada downgraded shares of James Hardie Industries from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, November 8th. Finally, Jefferies Financial Group downgraded shares of James Hardie Industries from a “buy” rating to an “underperform” rating in a research report on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.80.

James Hardie Industries Stock Up 1.6 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.48 and a quick ratio of 0.93. The firm has a market capitalization of $9.35 billion, a P/E ratio of 19.24, a P/E/G ratio of 5.49 and a beta of 1.39. The company’s 50-day simple moving average is $20.97 and its two-hundred day simple moving average is $20.99.

James Hardie Industries (NYSE:JHX – Get Rating) last released its quarterly earnings results on Monday, February 13th. The construction company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a return on equity of 44.72% and a net margin of 12.61%. The business had revenue of $860.80 million during the quarter. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, research analysts expect that James Hardie Industries plc will post 1.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its position in James Hardie Industries by 2.7% in the fourth quarter. Captrust Financial Advisors now owns 21,903 shares of the construction company’s stock worth $393,000 after acquiring an additional 582 shares during the period. Millennium Management LLC raised its position in James Hardie Industries by 1,184.9% in the fourth quarter. Millennium Management LLC now owns 142,431 shares of the construction company’s stock worth $2,555,000 after acquiring an additional 131,346 shares during the period. Advisor Partners II LLC bought a new stake in shares of James Hardie Industries during the 4th quarter valued at $188,000. Marshall Wace LLP raised its position in shares of James Hardie Industries by 72.3% during the 4th quarter. Marshall Wace LLP now owns 77,914 shares of the construction company’s stock valued at $1,398,000 after purchasing an additional 32,695 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of James Hardie Industries during the 4th quarter valued at $233,000. 1.24% of the stock is currently owned by institutional investors.

About James Hardie Industries

(Get Rating)

James Hardie Industries Plc engages in the manufacture of fiber cement siding and backer board. It operates through the following segments: North America Fiber Cement, Asia Pacific Fiber Cement, Europe Building Products, and Research & Development. The North America Fiber Cement segment manufactures fiber cement interior linings, exterior siding products and related accessories in the United States.