James Hardie Industries (NYSE:JHX) Shares Gap Up to $34.43

James Hardie Industries plc (NYSE:JHX)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $34.43, but opened at $35.43. James Hardie Industries shares last traded at $34.92, with a volume of 4,700 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on JHX. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price on the stock. in a research report on Tuesday, January 23rd. StockNews.com cut shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th.

James Hardie Industries Trading Up 2.8 %

The company’s 50-day moving average is $38.62 and its 200-day moving average is $34.91. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.61 and a beta of 1.69. The company has a quick ratio of 1.46, a current ratio of 1.89 and a debt-to-equity ratio of 0.60.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Monday, February 12th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $978.30 million for the quarter, compared to analyst estimates 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 revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Research analysts anticipate that James Hardie Industries plc will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of James Hardie Industries

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of James Hardie Industries by 38.8% in the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock worth $49,000 after acquiring an additional 341 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of James Hardie Industries by 2.8% in the 4th quarter. Quadrant Capital Group LLC now owns 15,302 shares of the construction company’s stock valued at $592,000 after purchasing an additional 424 shares during the last quarter. Clarius Group LLC lifted its position in shares of James Hardie Industries by 5.0% during the 3rd quarter. Clarius Group LLC now owns 9,015 shares of the construction company’s stock worth $237,000 after purchasing an additional 432 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of James Hardie Industries by 4.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company’s stock valued at $254,000 after acquiring an additional 433 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of James Hardie Industries by 1.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 36,658 shares of the construction company’s stock valued at $1,418,000 after buying an additional 455 shares in the last quarter. Institutional investors and hedge funds 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.