James Hardie Industries (JHX) Upgraded at ValuEngine

ValuEngine upgraded shares of James Hardie Industries (NYSE:JHX) from a buy rating to a strong-buy rating in a report released on Friday morning.

A number of other analysts have also commented on the company. Citigroup raised James Hardie Industries from a neutral rating to a buy rating in a report on Friday, November 10th. BidaskClub raised James Hardie Industries from a strong sell rating to a sell rating in a report on Saturday, August 19th.

Shares of James Hardie Industries (NYSE:JHX) opened at $16.46 on Friday. The company has a debt-to-equity ratio of -3.39, a quick ratio of 1.13 and a current ratio of 1.74. The company has a market capitalization of $7,276.61, a P/E ratio of 10.78 and a beta of 1.24. James Hardie Industries has a twelve month low of $13.55 and a twelve month high of $17.28.

The firm also recently announced a semiannual dividend, which will be paid on Friday, February 23rd. Stockholders of record on Wednesday, December 13th will be issued a $0.10 dividend. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 12th. James Hardie Industries’s dividend payout ratio is presently 19.21%.

Several hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in shares of James Hardie Industries in the third quarter valued at approximately $296,000. Wells Fargo & Company MN grew its holdings in shares of James Hardie Industries by 117.6% in the third quarter. Wells Fargo & Company MN now owns 26,823 shares of the construction company’s stock valued at $377,000 after acquiring an additional 14,494 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of James Hardie Industries in the third quarter valued at approximately $887,000. Goldman Sachs Group Inc. grew its holdings in shares of James Hardie Industries by 9.1% in the second quarter. Goldman Sachs Group Inc. now owns 39,069 shares of the construction company’s stock valued at $616,000 after acquiring an additional 3,269 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of James Hardie Industries by 7.0% in the second quarter. Parametric Portfolio Associates LLC now owns 856,172 shares of the construction company’s stock valued at $13,502,000 after acquiring an additional 55,701 shares in the last quarter. 0.84% of the stock is owned by 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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