James Hardie Industries (NYSE:JHX) Upgraded at StockNews.com

StockNews.com upgraded shares of James Hardie Industries (NYSE:JHX) from a hold rating to a buy rating in a report published on Wednesday morning.

JHX has been the topic of several other reports. JPMorgan Chase & Co. lowered shares of James Hardie Industries from an overweight rating to a neutral rating in a research report on Tuesday, May 21st. Macquarie upgraded shares of James Hardie Industries from a neutral rating to an outperform rating in a research report on Tuesday, May 21st.

James Hardie Industries Stock Up 5.5 %

James Hardie Industries stock opened at $35.67 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.79 and a quick ratio of 1.37. The company’s 50-day moving average is $33.20 and its 200-day moving average is $35.47. The firm has a market capitalization of $15.47 billion, a PE ratio of 30.75, a P/E/G ratio of 2.93 and a beta of 1.71. James Hardie Industries has a fifty-two week low of $24.28 and a fifty-two week high of $41.98.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, August 13th. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $991.90 million for the quarter, compared to the consensus estimate of $1.01 billion. James Hardie Industries had a return on equity of 38.97% and a net margin of 12.96%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Sell-side analysts anticipate that James Hardie Industries will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On James Hardie Industries

A number of institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC acquired a new stake in James Hardie Industries in the 1st quarter worth about $30,000. GAMMA Investing LLC acquired a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $33,000. Blue Trust Inc. boosted its stake in shares of James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after buying an additional 374 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in James Hardie Industries by 693.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after buying an additional 1,012 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in James Hardie Industries during the 2nd quarter worth $66,000. 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.