James Hardie Industries (NYSE:JHX) Hits New 1-Year High at $35.55

Shares of James Hardie Industries plc (NYSE:JHX) reached a new 52-week high on Thursday . The company traded as high as $35.55 and last traded at $35.34, with a volume of 75278 shares changing hands. The stock had previously closed at $35.14.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, May 20th. TheStreet raised shares of James Hardie Industries from a “c+” rating to an “a-” rating in a research note on Thursday, June 10th.

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.80 and a current ratio of 1.05. The company has a market cap of $15.70 billion, a PE ratio of 59.65 and a beta of 1.27. The firm’s fifty day moving average price is $33.59.

A number of institutional investors have recently added to or reduced their stakes in JHX. Atwood & Palmer Inc. acquired a new position in shares of James Hardie Industries during the 1st quarter valued at about $31,000. Bessemer Group Inc. acquired a new position in James Hardie Industries during the 1st quarter worth $39,000. O Shaughnessy Asset Management LLC raised its position in James Hardie Industries by 93.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,295 shares of the construction company’s stock valued at $40,000 after purchasing an additional 624 shares in the last quarter. Wells Fargo & Company MN raised its position in James Hardie Industries by 33.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,519 shares of the construction company’s stock valued at $45,000 after purchasing an additional 381 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of James Hardie Industries by 78.3% during the 1st quarter. New York State Common Retirement Fund now owns 2,403 shares of the construction company’s stock worth $73,000 after acquiring an additional 1,055 shares in the last quarter. Institutional investors and hedge funds own 1.05% of the company’s stock.

About James Hardie Industries (NYSE:JHX)

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, the Philippines, and Canada.

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