Barclays Boosts James Hardie Industries (NYSE:JHX) Price Target to $26.00

James Hardie Industries (NYSE:JHX) had its price target upped by investment analysts at Barclays from $21.00 to $26.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 0.56% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday. Oppenheimer increased their target price on James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. Truist Financial increased their target price on James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird reduced their target price on James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Raymond James Financial set a $21.00 price target on James Hardie Industries in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

James Hardie Industries Price Performance

JHX opened at $25.86 on Thursday. The firm has a market cap of $11.11 billion, a PE ratio of 95.76, a P/E/G ratio of 5.93 and a beta of 1.80. The stock has a 50-day moving average price of $22.32 and a 200-day moving average price of $21.57. James Hardie Industries has a 1 year low of $16.46 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.54 and a quick ratio of 1.23.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. James Hardie Industries had a net margin of 2.70% and a return on equity of 13.52%. James Hardie Industries’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. Sell-side analysts predict that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

Institutional Trading of James Hardie Industries

Several hedge funds have recently bought and sold shares of JHX. Jones Financial Companies Lllp increased its position in James Hardie Industries by 7.0% in the third quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after buying an additional 525 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of James Hardie Industries by 2.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 19,203 shares of the construction company’s stock valued at $516,000 after acquiring an additional 540 shares during the period. Greenleaf Trust grew its stake in shares of James Hardie Industries by 7.1% during the 3rd quarter. Greenleaf Trust now owns 10,645 shares of the construction company’s stock valued at $204,000 after acquiring an additional 703 shares during the period. Xponance LLC increased its holdings in James Hardie Industries by 5.7% in the 4th quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock worth $350,000 after acquiring an additional 911 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in James Hardie Industries by 16.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock worth $139,000 after acquiring an additional 936 shares during the period. Institutional investors 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.