James Hardie Industries PLC. (NYSE:JHX) Receives Average Rating of “Buy” from Analysts

James Hardie Industries PLC. (NYSE:JHX) has been given a consensus recommendation of “Buy” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.4188.

JHX has been the topic of several recent research reports. Oppenheimer upped their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, November 19th. Truist Financial boosted their target price on shares of James Hardie Industries from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Robert W. Baird lowered their price target on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Wolfe Research assumed coverage on James Hardie Industries in a research report on Tuesday, September 30th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Raymond James Financial set a $28.00 price objective on James Hardie Industries in a research note on Wednesday, October 29th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JHX. Morningstar Investment Management LLC acquired a new stake in shares of James Hardie Industries during the 3rd quarter worth approximately $5,802,000. Zimmer Partners LP purchased a new stake in James Hardie Industries during the third quarter worth $5,283,000. Alyeska Investment Group L.P. boosted its holdings in James Hardie Industries by 100.9% during the third quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock worth $87,055,000 after buying an additional 2,275,762 shares in the last quarter. Verition Fund Management LLC acquired a new stake in James Hardie Industries during the third quarter valued at $6,483,000. Finally, Susquehanna Advisors Group Inc. purchased a new position in James Hardie Industries in the third quarter valued at $965,000. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Stock Up 1.6%

Shares of JHX stock opened at $19.74 on Friday. The stock’s 50-day simple moving average is $19.82 and its 200-day simple moving average is $22.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.79. The firm has a market capitalization of $8.49 billion, a PE ratio of 41.13, a P/E/G ratio of 7.22 and a beta of 1.80. James Hardie Industries has a fifty-two week low of $16.46 and a fifty-two week high of $36.98.

James Hardie Industries (NYSE:JHX) last released its earnings results on Monday, November 17th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. James Hardie Industries had a return on equity of 18.40% and a net margin of 4.67%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue was up 34.5% 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.

James Hardie Industries Company Profile

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.