James Hardie Industries PLC. (NYSE:JHX) Receives Average Recommendation of “Moderate Buy” from Brokerages

James Hardie Industries PLC. (NYSE:JHX) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $26.6250.

Several equities research analysts have recently commented on JHX shares. Zacks Research lowered James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Barclays raised their price objective on James Hardie Industries from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 11th. Truist Financial upped their target price on James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Raymond James Financial set a $21.00 price target on James Hardie Industries in a research note on Monday, December 8th.

James Hardie Industries Stock Performance

NYSE:JHX opened at $18.59 on Friday. The firm’s fifty day simple moving average is $22.36 and its 200-day simple moving average is $21.07. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.73. The stock has a market cap of $7.99 billion, a PE ratio of 68.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.84. James Hardie Industries has a fifty-two week low of $16.46 and a fifty-two week high of $29.83.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. Analysts expect that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

Institutional Trading of James Hardie Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Modus Advisors LLC acquired a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC raised its position in shares of James Hardie Industries by 3,431.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in James Hardie Industries by 11,238.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after buying an additional 1,461 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in James Hardie Industries in the 4th quarter valued at approximately $41,000. Finally, Hilltop National Bank acquired a new stake in James Hardie Industries during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.