James Hardie Industries PLC. (NYSE:JHX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, CLSA upgraded James Hardie Industries PLC. from a “sell” rating to an “outperform” rating in a research note on Thursday, April 20th.

James Hardie Industries PLC. (JHX) traded up 2.51% during mid-day trading on Thursday, reaching $15.49. The company had a trading volume of 13,485 shares. The stock has a market capitalization of $6.83 billion, a P/E ratio of 24.98 and a beta of 1.15. The stock has a 50 day moving average price of $15.27 and a 200-day moving average price of $15.59. James Hardie Industries PLC. has a 12-month low of $14.00 and a 12-month high of $17.30.

The company also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 8th will be issued a $0.28 dividend. This is a boost from James Hardie Industries PLC.’s previous dividend of $0.21. The ex-dividend date is Wednesday, June 7th. James Hardie Industries PLC.’s dividend payout ratio is presently 16.20%.

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Institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new position in James Hardie Industries PLC. during the fourth quarter worth about $3,460,000. Parametric Portfolio Associates LLC boosted its position in James Hardie Industries PLC. by 32.2% in the first quarter. Parametric Portfolio Associates LLC now owns 800,471 shares of the construction company’s stock worth $12,647,000 after buying an additional 194,844 shares during the last quarter. Karp Capital Management Corp purchased a new position in James Hardie Industries PLC. during the first quarter worth about $3,048,000. Edge Asset Management Inc. boosted its position in James Hardie Industries PLC. by 21.4% in the first quarter. Edge Asset Management Inc. now owns 36,434 shares of the construction company’s stock worth $576,000 after buying an additional 6,434 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in James Hardie Industries PLC. by 8.2% in the first quarter. Goldman Sachs Group Inc. now owns 35,800 shares of the construction company’s stock worth $566,000 after buying an additional 2,720 shares during the last quarter. Hedge funds and other institutional investors own 0.75% of the company’s stock.

About James Hardie Industries PLC.

James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.

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