James Hardie Industries (NYSE:JHX) Given New $26.00 Price Target at Robert W. Baird

James Hardie Industries (NYSE:JHX) had its target price lowered by Robert W. Baird from $28.00 to $26.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Several other equities research analysts have also weighed in on the stock. Raymond James Financial set a $28.00 target price on shares of James Hardie Industries in a report on Wednesday, October 29th. Vertical Research assumed coverage on shares of James Hardie Industries in a research note on Monday, October 20th. They set a “hold” rating on the stock. Wolfe Research initiated coverage on shares of James Hardie Industries in a report on Tuesday, September 30th. They set an “outperform” rating and a $25.00 price objective for the company. UBS Group reissued a “neutral” rating on shares of James Hardie Industries in a report on Thursday, August 21st. Finally, Jefferies Financial Group began coverage on James Hardie Industries in a report on Friday, August 8th. They set a “buy” rating and a $34.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.42.

James Hardie Industries Stock Up 0.5%

NYSE JHX opened at $17.92 on Wednesday. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $37.65. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 14.34 and a beta of 1.82. The stock’s 50 day moving average is $19.89 and its two-hundred day moving average is $23.28. The company has a current ratio of 3.76, a quick ratio of 3.31 and a debt-to-equity ratio of 1.12.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Monday, November 17th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.James Hardie Industries’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Equities analysts forecast that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in James Hardie Industries in the second quarter valued at about $654,000. Tabor Asset Management LP acquired a new position in shares of James Hardie Industries during the 2nd quarter worth about $5,542,000. Millennium Management LLC increased its stake in shares of James Hardie Industries by 5,001.3% in the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company’s stock valued at $23,510,000 after acquiring an additional 978,314 shares during the last quarter. Private Advisory Group LLC acquired a new stake in shares of James Hardie Industries in the 1st quarter valued at approximately $9,345,000. Finally, Cerity Partners LLC raised its position in shares of James Hardie Industries by 39.3% in the 1st quarter. Cerity Partners LLC now owns 46,083 shares of the construction company’s stock valued at $1,086,000 after acquiring an additional 12,990 shares during the period. 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.