James Hardie Industries (NYSE:JHX) Shares Gap Down to $40.15

James Hardie Industries plc (NYSE:JHX)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $40.15, but opened at $39.07. James Hardie Industries shares last traded at $38.61, with a volume of 5,425 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

James Hardie Industries Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.94. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 4.32 and a beta of 1.74. The business’s 50 day moving average price is $35.72 and its 200 day moving average price is $35.11.

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

Institutional Trading of James Hardie Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in James Hardie Industries in the 2nd quarter worth $66,000. Point72 Asset Management L.P. purchased a new stake in shares of James Hardie Industries during the second quarter worth about $12,162,000. Evergreen Capital Management LLC raised its position in shares of James Hardie Industries by 9.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 6,682 shares of the construction company’s stock worth $211,000 after purchasing an additional 559 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in James Hardie Industries by 3.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 46,731 shares of the construction company’s stock valued at $1,470,000 after buying an additional 1,397 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in James Hardie Industries by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 70,496 shares of the construction company’s stock worth $2,223,000 after buying an additional 534 shares during the last quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.