James Hardie Industries (NYSE:JHX) Sees Unusually-High Trading Volume

James Hardie Industries plc (NYSE:JHX) saw unusually-strong trading volume on Thursday . Approximately 53,428 shares changed hands during trading, an increase of 4% from the previous session’s volume of 51,148 shares.The stock last traded at $31.48 and had previously closed at $30.55.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JHX. JPMorgan Chase & Co. downgraded shares of James Hardie Industries from an “overweight” rating to a “neutral” rating in a research note on Tuesday. StockNews.com downgraded James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Macquarie upgraded James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.50.

James Hardie Industries Stock Up 1.4 %

The company has a quick ratio of 1.46, a current ratio of 1.79 and a debt-to-equity ratio of 0.60. The company has a market cap of $13.43 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.76 and a beta of 1.72. The business’s 50 day moving average is $37.20 and its 200 day moving average is $36.40.

Institutional Trading of James Hardie Industries

Institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC acquired a new stake in James Hardie Industries in the first quarter worth about $30,000. GAMMA Investing LLC acquired a new stake in shares of James Hardie Industries during the fourth quarter worth $33,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of James Hardie Industries by 693.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,012 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in James Hardie Industries in the first quarter valued at $71,000. Finally, Lindbrook Capital LLC raised its holdings in James Hardie Industries by 14.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock worth $117,000 after purchasing an additional 362 shares during the period. 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.