James Hardie Industries PLC. (NYSE:JHX) Given Average Rating of “Moderate Buy” by Analysts

Shares of James Hardie Industries PLC. (NYSE:JHX) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.50.

Several brokerages have issued reports on JHX. Stephens upped their price target on shares of James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Truist Financial boosted their price target on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Oppenheimer boosted their price objective on James Hardie Industries from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $34.00 target price on shares of James Hardie Industries in a research note on Friday, August 7th.

James Hardie Industries Stock Up 0.1%

JHX stock opened at $29.95 on Monday. The business has a 50-day simple moving average of $27.36 and a 200 day simple moving average of $23.75. James Hardie Industries has a 52 week low of $16.46 and a 52 week high of $31.35. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The company has a market cap of $17.38 billion, a PE ratio of 119.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.29 earnings per share. James Hardie Industries’s revenue was up 63.9% compared to the same quarter last year. Sell-side analysts anticipate that James Hardie Industries will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in James Hardie Industries in the 1st quarter worth about $28,000. Modus Advisors LLC bought a new position in shares of James Hardie Industries during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC grew its holdings in shares of James Hardie Industries by 3,431.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of James Hardie Industries by 11,238.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after acquiring an additional 1,461 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $41,000. 7.96% of the stock is owned by institutional investors.

About James Hardie Industries

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.