James Hardie Industries (NYSE:JHX) Given New $26.00 Price Target at Barclays

James Hardie Industries (NYSE:JHX) had its target price increased by Barclays from $25.00 to $26.00 in a report published on Friday,Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the company. Zacks Research raised James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stephens assumed coverage on shares of James Hardie Industries in a research report on Thursday, June 25th. They set an “overweight” rating and a $31.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $26.52 on Friday. The stock’s 50-day moving average is $24.12 and its two-hundred day moving average is $22.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58. James Hardie Industries has a 1 year low of $16.46 and a 1 year high of $29.83. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 120.53 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last posted its earnings results on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The business’s quarterly revenue was up 44.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. Analysts predict that James Hardie Industries will post 1.25 earnings per share for the current year.

Hedge Funds Weigh In On James Hardie Industries

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in James Hardie Industries by 14.7% in the first quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after purchasing an additional 884 shares during the period. Xponance LLC boosted its position in James Hardie Industries by 5.7% in the 4th quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock valued at $350,000 after buying an additional 911 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in James Hardie Industries by 16.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock valued at $139,000 after buying an additional 936 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of James Hardie Industries by 67.1% during the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock valued at $67,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of James Hardie Industries by 46.5% during the first quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock worth $86,000 after acquiring an additional 1,439 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.