James Hardie Industries (NYSE:JHX) Hits New 12-Month High at $39.76

James Hardie Industries plc (NYSE:JHXGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $39.76 and last traded at $39.75, with a volume of 6822 shares changing hands. The stock had previously closed at $38.85.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JHX shares. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price for the company. in a report on Tuesday, January 23rd. StockNews.com downgraded James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, February 23rd.

Get Our Latest Stock Analysis on James Hardie Industries

James Hardie Industries Stock Performance

The company has a current ratio of 1.89, a quick ratio of 1.46 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $37.66 and a two-hundred day simple moving average of $32.01. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.71.

James Hardie Industries (NYSE:JHXGet Free Report) last issued its earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. James Hardie Industries had a return on equity of 38.75% and a net margin of 13.93%. The company had revenue of $978.30 million for the quarter, compared to analyst estimates of $960.23 million. During the same period in the prior year, the firm posted $0.29 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that James Hardie Industries plc will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Syon Capital LLC boosted its stake in James Hardie Industries by 40.2% during the 4th quarter. Syon Capital LLC now owns 10,993 shares of the construction company’s stock valued at $425,000 after purchasing an additional 3,154 shares during the period. Studio Investment Management LLC bought a new stake in shares of James Hardie Industries in the 4th quarter worth approximately $155,000. Legal & General Group Plc lifted its position in shares of James Hardie Industries by 46.1% during the 4th quarter. Legal & General Group Plc now owns 8,536 shares of the construction company’s stock worth $330,000 after buying an additional 2,695 shares during the period. Vident Advisory LLC bought a new position in shares of James Hardie Industries during the 4th quarter worth approximately $218,000. Finally, Royal Bank of Canada lifted its position in shares of James Hardie Industries by 1,599.2% during the 4th quarter. Royal Bank of Canada now owns 6,559 shares of the construction company’s stock worth $253,000 after buying an additional 6,173 shares during the period. Institutional investors and hedge funds own 1.49% of the company’s stock.

James Hardie Industries Company Profile

(Get Free Report)

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.

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