James Hardie Industries (NYSE:JHX) Reaches New 12-Month High at $16.39

James Hardie Industries plc (NYSE:JHX) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $16.39 and last traded at $16.39, with a volume of 288 shares changing hands. The stock had previously closed at $16.33.

A number of analysts have commented on JHX shares. UBS Group raised shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Monday, August 12th. TheStreet upgraded shares of James Hardie Industries from a “c+” rating to a “b” rating in a report on Friday, August 23rd. Finally, Royal Bank of Canada assumed coverage on shares of James Hardie Industries in a report on Thursday, August 29th. They set an “underperform” rating on the stock. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold”.

The firm’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $13.58. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 30.60 and a beta of 0.76. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.69.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $0.20 earnings per share for the quarter. James Hardie Industries had a net margin of 8.94% and a return on equity of 24.50%. The firm had revenue of $656.80 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its holdings in shares of James Hardie Industries by 5.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,109,284 shares of the construction company’s stock worth $14,654,000 after acquiring an additional 58,449 shares during the last quarter. Northern Trust Corp raised its holdings in shares of James Hardie Industries by 2.9% in the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock worth $5,759,000 after acquiring an additional 12,173 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of James Hardie Industries by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock worth $4,290,000 after acquiring an additional 10,400 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of James Hardie Industries by 15.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 17,407 shares of the construction company’s stock worth $229,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of James Hardie Industries by 34.3% in the 4th quarter. Bank of America Corp DE now owns 15,266 shares of the construction company’s stock worth $179,000 after acquiring an additional 3,898 shares during the last quarter. Hedge funds and other institutional investors own 0.66% of the company’s stock.

James Hardie Industries Company Profile (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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