James Hardie Industries (NYSE:JHX) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of James Hardie Industries (NYSE:JHX) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $45.00 price objective on the construction company’s stock.

JHX has been the subject of several other reports. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.25.

James Hardie Industries Price Performance

NYSE:JHX opened at $34.21 on Tuesday. James Hardie Industries has a 12-month low of $29.88 and a 12-month high of $43.57. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 4.45 and a beta of 1.77. The company’s 50-day moving average is $34.95 and its two-hundred day moving average is $34.48. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $960.80 million for the quarter, compared to the consensus estimate of $973.49 million. James Hardie Industries had a net margin of 11.16% and a return on equity of 35.93%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Research analysts expect that James Hardie Industries will post 1.47 EPS for the current year.

Institutional Trading of James Hardie Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its position in James Hardie Industries by 55.7% in the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after purchasing an additional 374 shares during the period. GAMMA Investing LLC grew its stake in shares of James Hardie Industries by 46.3% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the construction company’s stock valued at $55,000 after buying an additional 432 shares in the last quarter. Huntington National Bank purchased a new stake in shares of James Hardie Industries during the 3rd quarter valued at about $55,000. Pinpoint Asset Management Ltd acquired a new position in James Hardie Industries during the 3rd quarter worth approximately $64,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in James Hardie Industries in the second quarter valued at approximately $66,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

About James Hardie Industries

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.