James Hardie Industries (NYSE:JHX) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also weighed in on JHX. Morgan Stanley upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 16th. ValuEngine lowered shares of James Hardie Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy”.
JHX traded up $0.25 during mid-day trading on Tuesday, reaching $13.63. 1,096 shares of the company traded hands, compared to its average volume of 43,286. The firm has a market cap of $5.80 billion, a PE ratio of 32.83 and a beta of 1.09. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 0.89. James Hardie Industries has a 52-week low of $12.90 and a 52-week high of $18.79.
James Hardie Industries (NYSE:JHX) last announced its earnings results on Friday, August 10th. The construction company reported $0.20 earnings per share for the quarter. The business had revenue of $651.00 million during the quarter. James Hardie Industries had a net margin of 8.16% and a return on equity of 237.68%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC raised its stake in 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 buying an additional 46,262 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of James Hardie Industries by 4.8% in the 2nd quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock worth $4,784,000 after purchasing an additional 12,927 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of James Hardie Industries in the 2nd quarter worth $525,000. UBS Group AG increased its stake in shares of James Hardie Industries by 9.5% in the 1st quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock worth $1,073,000 after purchasing an additional 5,204 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of James Hardie Industries by 2.7% in the 1st quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock worth $7,244,000 after purchasing an additional 10,692 shares in the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.
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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