James Hardie Industries (NYSE:JHX) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Monday, March 12th, MarketBeat Ratings reports.
Separately, ValuEngine upgraded shares of James Hardie Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy”.
Shares of JHX stock traded down $0.03 during trading on Monday, hitting $17.65. 4,708 shares of the company were exchanged, compared to its average volume of 10,694. The firm has a market cap of $7,806.15, a PE ratio of 11.87 and a beta of 1.10. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of -4.87. James Hardie Industries has a 1-year low of $13.55 and a 1-year high of $18.79.
James Hardie Industries (NYSE:JHX) last announced its earnings results on Thursday, February 1st. The construction company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $495.10 million during the quarter. James Hardie Industries had a net margin of 12.27% and a negative return on equity of 116.69%.
A number of large investors have recently modified their holdings of the business. US Bancorp DE grew its holdings in James Hardie Industries by 69.1% during the 4th quarter. US Bancorp DE now owns 12,720 shares of the construction company’s stock worth $224,000 after acquiring an additional 5,198 shares during the last quarter. Wells Fargo & Company MN grew its holdings in James Hardie Industries by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 32,354 shares of the construction company’s stock worth $570,000 after acquiring an additional 5,531 shares during the last quarter. Hexavest Inc. bought a new stake in James Hardie Industries during the 4th quarter worth about $156,000. Jane Street Group LLC bought a new stake in James Hardie Industries during the 4th quarter worth about $244,000. Finally, Private Advisor Group LLC bought a new stake in James Hardie Industries during the 3rd quarter worth about $296,000. 0.51% of the stock is currently owned by hedge funds and other institutional investors.
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James Hardie Industries Company Profile
James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.
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