James Hardie Industries (NYSE:JHX) Rating Lowered to Buy at StockNews.com

StockNews.com lowered shares of James Hardie Industries (NYSE:JHX) from a strong-buy rating to a buy rating in a research note released on Tuesday morning.

Separately, Bank of America cut shares of James Hardie Industries from a neutral rating to an underperform rating and set a $35.50 price target for the company. in a research note on Tuesday, January 23rd.

James Hardie Industries Stock Up 0.1 %

JHX opened at $34.30 on Tuesday. James Hardie Industries has a twelve month low of $21.76 and a twelve month high of $41.98. The company has a quick ratio of 1.46, a current ratio of 1.89 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $38.71 and a 200 day moving average price of $34.71. The company has a market cap of $14.94 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.69.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Monday, February 12th. The construction company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $978.30 million during the quarter, compared to the consensus estimate of $960.23 million. James Hardie Industries had a net margin of 13.93% and a return on equity of 38.75%. James Hardie Industries’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. Sell-side analysts expect that James Hardie Industries will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On James Hardie Industries

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in James Hardie Industries in the 1st quarter valued at approximately $71,000. DGS Capital Management LLC boosted its position in James Hardie Industries by 41.6% in the 1st quarter. DGS Capital Management LLC now owns 15,713 shares of the construction company’s stock valued at $636,000 after buying an additional 4,613 shares during the period. Atlas Capital Advisors LLC purchased a new position in James Hardie Industries in the 1st quarter valued at approximately $30,000. Ballentine Partners LLC raised its holdings in shares of James Hardie Industries by 9.3% in the 1st quarter. Ballentine Partners LLC now owns 8,622 shares of the construction company’s stock valued at $349,000 after purchasing an additional 735 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of James Hardie Industries by 38.8% in the 1st quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock valued at $49,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.