Shares of James Hardie Industries plc (NYSE:JHX) have been given a consensus rating of “Hold” by the five research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company.
Separately, UBS Group lowered shares of CR AGRICOLE S A/ADR from a “buy” rating to a “neutral” rating in a report on Monday, May 20th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its position in shares of James Hardie Industries by 68.3% during the first quarter. Lindbrook Capital LLC now owns 2,568 shares of the construction company’s stock worth $33,000 after buying an additional 1,042 shares in the last quarter. Citigroup Inc. grew its holdings in James Hardie Industries by 68.2% in the fourth quarter. Citigroup Inc. now owns 7,057 shares of the construction company’s stock valued at $83,000 after purchasing an additional 2,862 shares during the last quarter. Bank of Montreal Can grew its holdings in James Hardie Industries by 40.1% in the first quarter. Bank of Montreal Can now owns 8,208 shares of the construction company’s stock valued at $106,000 after purchasing an additional 2,350 shares during the last quarter. Bank of America Corp DE grew its holdings in James Hardie Industries by 34.3% in the fourth quarter. Bank of America Corp DE now owns 15,266 shares of the construction company’s stock valued at $179,000 after purchasing an additional 3,898 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in James Hardie Industries by 81.1% in the first quarter. Quadrant Capital Group LLC now owns 17,731 shares of the construction company’s stock valued at $222,000 after purchasing an additional 7,938 shares during the last quarter. 0.65% of the stock is owned by institutional investors.
Shares of NYSE JHX traded up $0.06 during trading on Wednesday, hitting $13.32. 32 shares of the company were exchanged, compared to its average volume of 11,636. James Hardie Industries has a 12-month low of $10.00 and a 12-month high of $17.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.56 and a quick ratio of 0.90. The company’s fifty day moving average is $12.99. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 25.02 and a beta of 0.79.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 6th will be issued a $0.26 dividend. This is a positive change from James Hardie Industries’s previous Semi-Annual dividend of $0.21. The ex-dividend date of this dividend is Wednesday, June 5th.
James Hardie Industries Company Profile
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.
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