James Hardie Industries (NYSE:JHX) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of James Hardie Industries (NYSE:JHX) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat Ratings reports.

Several other research analysts also recently issued reports on JHX. Macquarie downgraded shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Finally, Truist Financial began coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

James Hardie Industries Trading Up 0.0 %

NYSE JHX opened at $23.80 on Monday. The firm’s fifty day moving average price is $32.00 and its 200 day moving average price is $33.75. James Hardie Industries has a 12 month low of $23.23 and a 12 month high of $43.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.50. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 6.16 and a beta of 1.84.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. James Hardie Industries had a return on equity of 33.65% and a net margin of 11.15%. On average, sell-side analysts expect that James Hardie Industries will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JHX. Versant Capital Management Inc purchased a new stake in James Hardie Industries in the 4th quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in shares of James Hardie Industries in the 4th quarter valued at approximately $27,000. TD Private Client Wealth LLC boosted its stake in shares of James Hardie Industries by 45.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock valued at $30,000 after buying an additional 303 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new position in James Hardie Industries during the third quarter worth $64,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in James Hardie Industries in the third quarter worth $71,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.