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

James Hardie Industries PLC. (NYSE:JHX) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.00.

JHX has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Truist Financial lifted their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research downgraded shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Barclays dropped their price objective on shares of James Hardie Industries from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in James Hardie Industries by 259.7% during the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock valued at $972,981,000 after purchasing an additional 36,567,726 shares during the period. Phoenix Financial Ltd. bought a new position in James Hardie Industries during the third quarter valued at approximately $105,839,000. Capital World Investors purchased a new stake in James Hardie Industries during the third quarter valued at approximately $86,121,000. Jacobs Levy Equity Management Inc. purchased a new stake in James Hardie Industries during the fourth quarter valued at approximately $77,530,000. Finally, RDST Capital LLC purchased a new stake in James Hardie Industries during the fourth quarter valued at approximately $55,893,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

Shares of James Hardie Industries stock opened at $20.79 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.58 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 market cap of $8.94 billion, a price-to-earnings ratio of 94.49, a P/E/G ratio of 11.30 and a beta of 1.79. The company’s fifty day moving average is $20.18 and its 200 day moving average is $21.06.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The business’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. Sell-side analysts forecast that James Hardie Industries will post 1.24 EPS for the current year.

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.