James Hardie Industries PLC. (JHX) – What Are Analysts Thinking About This Stock?

Shares of James Hardie Industries PLC. (NYSE:JHX) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.89.

Several analysts have issued reports on JHX shares. Barclays raised James Hardie Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $26.00 to $35.00 in a report on Monday, August 10th. UBS Group reaffirmed a “buy” rating on shares of James Hardie Industries in a research note on Wednesday, September 16th. Melius Research started coverage on James Hardie Industries in a research note on Tuesday, October 6th. They issued a “buy” rating and a $36.00 price objective on the stock. Zacks Research cut James Hardie Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Finally, Truist Financial boosted their price objective on James Hardie Industries from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Institutional Investors Weigh In On James Hardie Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. lifted its holdings in James Hardie Industries by 12.3% during the second quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company’s stock valued at $228,758,000 after purchasing an additional 954,317 shares in the last quarter. Hill City Capital LP boosted its position in shares of James Hardie Industries by 1.8% in the second quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company’s stock worth $149,852,000 after purchasing an additional 102,200 shares during the period. RDST Capital LLC boosted its position in shares of James Hardie Industries by 24.0% in the second quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock worth $105,114,000 after purchasing an additional 776,950 shares during the period. Renaissance Technologies LLC increased its stake in shares of James Hardie Industries by 48.5% in the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock worth $72,720,000 after purchasing an additional 1,254,400 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of James Hardie Industries by 22.5% in the second quarter. Jones Financial Companies Lllp now owns 2,166,998 shares of the construction company’s stock worth $57,707,000 after purchasing an additional 397,621 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Trading Down 0.8%

NYSE:JHX opened at $25.61 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 102.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.79. James Hardie Industries has a one year low of $16.46 and a one year high of $31.43. The business has a fifty day moving average price of $27.74 and a 200-day moving average price of $24.91.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%. James Hardie Industries’s revenue for the quarter was up 63.9% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. Sell-side analysts forecast that James Hardie Industries will post 1.27 EPS for the current year.

James Hardie Industries Company Profile

James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.

The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.

Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.