James Hardie Industries (NYSE:JHX) Stock Rating Lowered by Macquarie

James Hardie Industries (NYSE:JHX) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday,Finviz reports.

A number of other analysts have also recently weighed in on JHX. Jefferies Financial Group reissued a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday. Finally, Truist Financial started coverage on shares of James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

James Hardie Industries Stock Down 18.6 %

NYSE:JHX traded down $5.43 during mid-day trading on Monday, hitting $23.85. The stock had a trading volume of 580,607 shares, compared to its average volume of 90,422. The stock has a 50-day simple moving average of $32.48 and a two-hundred day simple moving average of $33.99. The company has a market capitalization of $10.25 billion, a PE ratio of 23.66, a PEG ratio of 6.16 and a beta of 1.84. James Hardie Industries has a twelve month low of $23.84 and a twelve month high of $43.57. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

James Hardie Industries (NYSE:JHX) last issued its earnings results 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 firm had revenue of $953.30 million for the quarter, compared to analysts’ expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. On average, equities research analysts anticipate that James Hardie Industries will post 1.39 EPS for the current year.

Hedge Funds Weigh In On James Hardie Industries

Hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC grew its position in James Hardie Industries by 5.2% in the 3rd quarter. Pathstone Holdings LLC now owns 41,798 shares of the construction company’s stock valued at $1,678,000 after buying an additional 2,060 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in James Hardie Industries by 67.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 51,074 shares of the construction company’s stock valued at $2,051,000 after buying an additional 20,496 shares during the last quarter. Cerity Partners LLC grew its position in James Hardie Industries by 58.8% in the 3rd quarter. Cerity Partners LLC now owns 37,771 shares of the construction company’s stock valued at $1,517,000 after buying an additional 13,981 shares during the last quarter. FMR LLC grew its position in James Hardie Industries by 22.5% in the 3rd quarter. FMR LLC now owns 160,273 shares of the construction company’s stock valued at $6,435,000 after buying an additional 29,401 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in James Hardie Industries in the 3rd quarter valued at $227,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.