James Hardie Industries (NYSE:JHX) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of James Hardie Industries (NYSE:JHX) from an overweight rating to a neutral rating in a research report released on Tuesday, Marketbeat reports.

A number of other equities research analysts also recently issued reports on the stock. Bank of America downgraded shares of James Hardie Industries from a neutral rating to an underperform rating and set a $35.50 price objective for the company. in a research report on Tuesday, January 23rd. StockNews.com upgraded shares of James Hardie Industries from a buy rating to a strong-buy rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $35.50.

James Hardie Industries Trading Up 2.4 %

Shares of JHX stock opened at $31.28 on Tuesday. James Hardie Industries has a 52-week low of $24.18 and a 52-week high of $41.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.46 and a current ratio of 1.79. The company has a 50-day simple moving average of $37.02 and a two-hundred day simple moving average of $36.37. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.76 and a beta of 1.72.

Institutional Trading of James Hardie Industries

Institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new stake in shares of James Hardie Industries during the 1st quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of James Hardie Industries during the 4th quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of James Hardie Industries by 693.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock valued at $47,000 after buying an additional 1,012 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of James Hardie Industries during the 1st quarter valued at approximately $71,000. Finally, Lindbrook Capital LLC lifted its stake in shares of James Hardie Industries by 14.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock valued at $117,000 after buying an additional 362 shares in the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.