James Hardie Industries PLC. (NYSE:JHX) Receives $33.27 Average Target Price from Brokerages

Shares of James Hardie Industries PLC. (NYSE:JHX) have been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.27.

JHX has been the subject of several research reports. William Blair initiated coverage on shares of James Hardie Industries in a research report on Friday, June 27th. They set an “outperform” rating for the company. UBS Group restated a “neutral” rating on shares of James Hardie Industries in a research note on Thursday, August 21st. Truist Financial dropped their price target on James Hardie Industries from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Jefferies Financial Group initiated coverage on James Hardie Industries in a research report on Friday, August 8th. They set a “buy” rating and a $34.00 target price for the company. Finally, Macquarie upgraded James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Monday, July 28th.

Institutional Trading of James Hardie Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its stake in shares of James Hardie Industries by 70.4% during the second quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $30,000 after buying an additional 455 shares during the period. Hantz Financial Services Inc. boosted its holdings in James Hardie Industries by 641.2% in the second quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company’s stock worth $33,000 after acquiring an additional 1,058 shares in the last quarter. MAI Capital Management boosted its holdings in James Hardie Industries by 4,266.7% in the second quarter. MAI Capital Management now owns 1,310 shares of the construction company’s stock worth $35,000 after acquiring an additional 1,280 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,461 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of James Hardie Industries in the second quarter worth about $52,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Price Performance

JHX opened at $19.17 on Monday. The stock has a 50-day moving average price of $24.28 and a 200-day moving average price of $25.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.76 and a quick ratio of 3.31. The firm has a market cap of $8.24 billion, a PE ratio of 24.90, a P/E/G ratio of 2.31 and a beta of 1.74. James Hardie Industries has a 1 year low of $17.91 and a 1 year high of $43.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, August 19th. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $982.60 million. James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. Sell-side analysts predict that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

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.