James Hardie Industries plc (NYSE:JHX) Receives Average Rating of “Hold” from Brokerages

Shares of James Hardie Industries plc (NYSE:JHX) have received an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company.

JHX has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of James Hardie Industries in a research note on Wednesday, November 13th. They issued a “hold” rating on the stock. CLSA initiated coverage on shares of James Hardie Industries in a research note on Monday, November 4th. They issued an “underperform” rating on the stock. Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating in a research note on Thursday, November 7th. Finally, ValuEngine lowered shares of James Hardie Industries from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd.

JHX traded down $0.12 during trading on Tuesday, reaching $21.55. The company’s stock had a trading volume of 140 shares, compared to its average volume of 11,108. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $20.04 and a two-hundred day simple moving average of $17.20. James Hardie Industries has a 1 year low of $10.66 and a 1 year high of $21.36. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 37.16 and a beta of 0.80.

James Hardie Industries (NYSE:JHX) last released its earnings results on Thursday, November 7th. The construction company reported $0.22 earnings per share for the quarter. James Hardie Industries had a net margin of 10.22% and a return on equity of 26.00%. The business had revenue of $660.10 million for the quarter. As a group, equities analysts forecast that James Hardie Industries will post 0.86 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its position in shares of James Hardie Industries by 15.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 17,407 shares of the construction company’s stock valued at $229,000 after buying an additional 2,392 shares during the period. Wetherby Asset Management Inc. raised its position in shares of James Hardie Industries by 10.2% during the 3rd quarter. Wetherby Asset Management Inc. now owns 27,124 shares of the construction company’s stock valued at $456,000 after buying an additional 2,521 shares during the period. Renaissance Technologies LLC raised its position in shares of James Hardie Industries by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock valued at $4,290,000 after buying an additional 10,400 shares during the period. Northern Trust Corp raised its position in shares of James Hardie Industries by 2.9% during the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock valued at $5,759,000 after buying an additional 12,173 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of James Hardie Industries by 8.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,207,310 shares of the construction company’s stock valued at $20,295,000 after buying an additional 98,026 shares during the period. 0.72% of the stock is currently owned by hedge funds and other institutional investors.

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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