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

Shares of James Hardie Industries PLC. (NYSE:JHX) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.00.

A number of equities research analysts have weighed in on JHX shares. Truist Financial boosted their price objective on James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Barclays dropped their target price on James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Finally, Zacks Research lowered James Hardie Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st.

James Hardie Industries Price Performance

Shares of NYSE JHX opened at $23.27 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. James Hardie Industries has a twelve month low of $16.46 and a twelve month high of $29.83. The stock has a 50 day moving average of $20.41 and a two-hundred day moving average of $21.19. The stock has a market cap of $13.51 billion, a P/E ratio of 105.79, a P/E/G ratio of 12.47 and a beta of 1.79.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Wednesday, May 20th. The construction company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, research analysts forecast that James Hardie Industries will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JHX. Royal Bank of Canada increased its holdings in shares of James Hardie Industries by 17.0% in the first quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock valued at $1,197,000 after purchasing an additional 7,396 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of James Hardie Industries by 160.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock valued at $63,557,000 after purchasing an additional 1,662,743 shares during the period. Jane Street Group LLC increased its holdings in shares of James Hardie Industries by 222.4% in the first quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after purchasing an additional 192,478 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of James Hardie Industries by 49.2% in the second quarter. Russell Investments Group Ltd. now owns 11,603 shares of the construction company’s stock valued at $312,000 after purchasing an additional 3,827 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased 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 purchasing an additional 1,461 shares during the period. Institutional investors and hedge funds 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.