James Hardie Industries (JHX) Hits New 52-Week Low at $13.51

Shares of James Hardie Industries plc (NYSE:JHX) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.51 and last traded at $13.69, with a volume of 146 shares changing hands. The stock had previously closed at $13.71.

Several analysts have issued reports on JHX shares. TheStreet raised shares of James Hardie Industries from a “c+” rating to a “b-” rating in a research note on Friday, August 17th. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Friday, September 7th. Finally, ValuEngine downgraded shares of James Hardie Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. James Hardie Industries currently has an average rating of “Buy”.

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 38.15 and a beta of 1.09.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Friday, August 10th. The construction company reported $0.20 earnings per share for the quarter. James Hardie Industries had a net margin of 8.16% and a return on equity of 237.68%. The business had revenue of $651.00 million for the quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new position in shares of James Hardie Industries in the second quarter worth $525,000. Jane Street Group LLC increased its stake in shares of James Hardie Industries by 459.8% in the second quarter. Jane Street Group LLC now owns 56,324 shares of the construction company’s stock worth $952,000 after acquiring an additional 46,262 shares during the last quarter. UBS Group AG increased its stake in shares of James Hardie Industries by 9.5% in the first quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock worth $1,073,000 after acquiring an additional 5,204 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of James Hardie Industries by 4.8% in the second quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock worth $4,784,000 after acquiring an additional 12,927 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of James Hardie Industries by 2.7% in the first quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock worth $7,244,000 after acquiring an additional 10,692 shares during the last quarter. 0.55% of the stock is currently owned by institutional investors and hedge funds.

About James Hardie Industries (NYSE:JHX)

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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