James Hardie Industries’ (JHX) “Neutral” Rating Reaffirmed at UBS Group

UBS Group reaffirmed their neutral rating on shares of James Hardie Industries (NYSE:JHX) in a research report released on Thursday, Marketbeat.com reports.

Several other research analysts have also recently weighed in on JHX. William Blair initiated coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They issued an “outperform” rating for the company. Robert W. Baird dropped their price objective on shares of James Hardie Industries from $32.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday. Truist Financial dropped their price objective on shares of James Hardie Industries from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Baird R W upgraded shares of James Hardie Industries to a “strong-buy” rating in a research report on Friday, July 11th. Finally, Wall Street Zen cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $33.27.

James Hardie Industries Stock Performance

JHX stock opened at $19.8450 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.67. The company has a 50 day moving average price of $26.74 and a 200 day moving average price of $26.72. James Hardie Industries has a fifty-two week low of $17.91 and a fifty-two week high of $43.57. The stock has a market capitalization of $8.53 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.74.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, August 19th. 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 28.55% and a net margin of 8.75%.The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $982.60 million. During the same quarter last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Analysts forecast that James Hardie Industries will post 1.39 EPS for the current year.

Institutional Trading of James Hardie Industries

Several institutional investors and hedge funds have recently made changes to their positions in JHX. Hudson Bay Capital Management LP increased its position in shares of James Hardie Industries by 430.8% in the 2nd quarter. Hudson Bay Capital Management LP now owns 265,398 shares of the construction company’s stock valued at $7,137,000 after buying an additional 215,398 shares in the last quarter. Rexford Capital Inc. bought a new stake in shares of James Hardie Industries in the 2nd quarter valued at $129,000. Tower Research Capital LLC TRC increased its position in shares of James Hardie Industries by 95,062.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 22,839 shares of the construction company’s stock valued at $614,000 after buying an additional 22,815 shares in the last quarter. Conversant Capital LLC bought a new stake in shares of James Hardie Industries in the 2nd quarter valued at $21,512,000. Finally, Captrust Financial Advisors increased its position in shares of James Hardie Industries by 34.4% in the 2nd quarter. Captrust Financial Advisors now owns 15,443 shares of the construction company’s stock valued at $415,000 after buying an additional 3,954 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

About James Hardie Industries

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.