James Hardie Industries (NYSE:JHX) Given New $22.00 Price Target at Barclays

James Hardie Industries (NYSE:JHX) had its price objective lowered by stock analysts at Barclays from $26.00 to $22.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price points to a potential upside of 6.57% from the company’s current price.

JHX has been the subject of a number of other research reports. Zacks Research lowered James Hardie Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 11th. Finally, Truist Financial upped their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.13.

James Hardie Industries Trading Up 10.2%

Shares of NYSE:JHX traded up $1.90 during trading hours on Wednesday, hitting $20.64. 4,589,331 shares of the company’s stock traded hands, compared to its average volume of 6,646,299. James Hardie Industries has a 1 year low of $16.46 and a 1 year high of $29.83. The business has a fifty day moving average price of $22.03 and a 200-day moving average price of $21.08. The firm has a market capitalization of $8.87 billion, a P/E ratio of 76.69, a price-to-earnings-growth ratio of 3.48 and a beta of 1.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.54 and a quick ratio of 0.95.

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

Institutional Investors Weigh In On James Hardie Industries

Large investors have recently bought and sold shares of the company. Modus Advisors LLC purchased a new stake in James Hardie Industries in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC raised its stake in shares of James Hardie Industries by 3,431.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock valued at $33,000 after buying an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of James Hardie Industries by 11,238.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after buying an additional 1,461 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of James Hardie Industries during the 4th quarter valued at about $41,000. Finally, Hilltop National Bank acquired a new stake in shares of James Hardie Industries during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.