James Hardie Industries (NYSE:JHX) Shares Gap Down to $39.32

James Hardie Industries plc (NYSE:JHXGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $39.32, but opened at $38.37. James Hardie Industries shares last traded at $38.70, with a volume of 4,775 shares changing hands.

Wall Street Analysts Forecast Growth

JHX has been the topic of several research reports. StockNews.com lowered shares of James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th. Bank of America downgraded shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price for the company. in a research report on Tuesday, January 23rd.

View Our Latest Research Report on JHX

James Hardie Industries Trading Down 1.0 %

The company has a quick ratio of 1.46, a current ratio of 1.89 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $38.92 and its 200 day moving average price is $33.86. The company has a market capitalization of $16.96 billion, a P/E ratio of 32.50, a P/E/G ratio of 2.22 and a beta of 1.69.

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

Institutional Investors Weigh In On James Hardie Industries

A number of institutional investors have recently added to or reduced their stakes in JHX. Advisor Group Holdings Inc. grew its position in James Hardie Industries by 150.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock worth $74,000 after purchasing an additional 1,486 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in James Hardie Industries by 28.0% in the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after acquiring an additional 640 shares during the last quarter. Natixis Advisors L.P. boosted its stake in James Hardie Industries by 50.5% in the first quarter. Natixis Advisors L.P. now owns 27,726 shares of the construction company’s stock valued at $836,000 after acquiring an additional 9,305 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in James Hardie Industries in the first quarter valued at about $215,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in James Hardie Industries by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 58,524 shares of the construction company’s stock valued at $1,764,000 after acquiring an additional 4,904 shares during the last quarter. 7.96% of the stock is owned by institutional investors.

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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