James Hardie Industries (NYSE:JHX) Stock Rating Lowered by StockNews.com

James Hardie Industries (NYSE:JHX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

JHX has been the subject of a number of other research reports. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial assumed coverage on shares of James Hardie Industries in a report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.25.

James Hardie Industries Trading Down 0.4 %

Shares of James Hardie Industries stock opened at $31.75 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries has a 1 year low of $29.88 and a 1 year high of $43.57. The firm has a market capitalization of $13.65 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 4.35 and a beta of 1.77. The firm’s 50 day moving average is $34.09 and its 200 day moving average is $34.57.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $960.80 million during the quarter, compared to analyst estimates of $973.49 million. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Equities research analysts forecast that James Hardie Industries will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. M&T Bank Corp purchased a new position in shares of James Hardie Industries in the third quarter worth about $293,000. Cerity Partners LLC lifted its holdings in James Hardie Industries by 58.8% in the third quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock worth $1,517,000 after buying an additional 13,981 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of James Hardie Industries during the third quarter valued at approximately $2,369,000. FMR LLC increased its stake in shares of James Hardie Industries by 22.5% in the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock worth $6,435,000 after acquiring an additional 29,401 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of James Hardie Industries by 317.2% during the third quarter. Natixis Advisors LLC now owns 172,460 shares of the construction company’s stock valued at $6,924,000 after purchasing an additional 131,120 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

About James Hardie Industries

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.