James Hardie Industries (NYSE:JHX) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of James Hardie Industries (NYSE:JHX) from a buy rating to a hold rating in a report released on Tuesday.

Separately, JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th.

James Hardie Industries Trading Down 2.8 %

Shares of NYSE:JHX opened at $31.79 on Tuesday. James Hardie Industries has a 12 month low of $29.24 and a 12 month high of $43.57. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $35.75 and its 200 day simple moving average is $34.40. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 3.64 and a beta of 1.76.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Tuesday, August 13th. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%. The business had revenue of $991.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that James Hardie Industries will post 1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of James Hardie Industries during the 1st quarter worth about $71,000. Russell Investments Group Ltd. increased its stake in shares of James Hardie Industries by 17.6% during the 1st quarter. Russell Investments Group Ltd. now owns 51,513 shares of the construction company’s stock worth $2,053,000 after purchasing an additional 7,693 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of James Hardie Industries by 39.7% during the 1st quarter. Acadian Asset Management LLC now owns 313,931 shares of the construction company’s stock worth $12,697,000 after buying an additional 89,165 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of James Hardie Industries by 115.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,663 shares of the construction company’s stock worth $553,000 after buying an additional 7,334 shares during the period. Finally, Clearbridge Investments LLC bought a new stake in shares of James Hardie Industries during the 1st quarter worth about $221,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Company Profile

James Hardie Industries plc 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, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.