James Hardie Industries plc (JHX) Receives Average Recommendation of “Buy” from Analysts

James Hardie Industries plc (NYSE:JHX) has received an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company.

A number of equities research analysts have recently commented on JHX shares. TheStreet upgraded James Hardie Industries from a “c+” rating to a “b-” rating in a research report on Friday, August 17th. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Friday, September 7th. ValuEngine downgraded James Hardie Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Morgan Stanley upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Tuesday.

Large investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of James Hardie Industries during the 2nd quarter valued at $525,000. Jane Street Group LLC lifted its position in shares of James Hardie Industries by 459.8% during the 2nd quarter. Jane Street Group LLC now owns 56,324 shares of the construction company’s stock valued at $952,000 after acquiring an additional 46,262 shares during the last quarter. UBS Group AG lifted its position in shares of James Hardie Industries by 9.5% during the 1st quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock valued at $1,073,000 after acquiring an additional 5,204 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of James Hardie Industries by 4.8% during the 2nd quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock valued at $4,784,000 after acquiring an additional 12,927 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of James Hardie Industries by 2.7% during the 1st quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock valued at $7,244,000 after acquiring an additional 10,692 shares during the last quarter. Institutional investors own 0.55% of the company’s stock.

Shares of NYSE JHX opened at $13.88 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.73 and a quick ratio of 0.46. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 35.63 and a beta of 1.09. James Hardie Industries has a 1 year low of $13.31 and a 1 year high of $18.79.

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

About James Hardie Industries

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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