James Hardie Industries (NYSE:JHX) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued on Monday, Marketbeat.com reports.
Separately, ValuEngine upgraded James Hardie Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy”.
Shares of James Hardie Industries (NYSE JHX) traded up $0.10 during trading hours on Monday, reaching $18.07. The company’s stock had a trading volume of 8,691 shares, compared to its average volume of 10,806. The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of -4.87. The stock has a market cap of $7,810.00, a PE ratio of 32.27 and a beta of 0.97. James Hardie Industries has a 12 month low of $13.55 and a 12 month high of $18.79.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hexavest Inc. purchased a new position in shares of James Hardie Industries during the 4th quarter worth $156,000. US Bancorp DE grew its holdings in shares of James Hardie Industries by 69.1% during the 4th quarter. US Bancorp DE now owns 12,720 shares of the construction company’s stock worth $224,000 after purchasing an additional 5,198 shares during the period. Jane Street Group LLC purchased a new position in shares of James Hardie Industries during the 4th quarter worth $244,000. Private Advisor Group LLC purchased a new position in shares of James Hardie Industries during the 3rd quarter worth $296,000. Finally, Wells Fargo & Company MN grew its holdings in shares of James Hardie Industries by 117.6% during the 3rd quarter. Wells Fargo & Company MN now owns 26,823 shares of the construction company’s stock worth $377,000 after purchasing an additional 14,494 shares during the period. Institutional investors and hedge funds own 0.51% of the company’s stock.
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James Hardie Industries Company Profile
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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