James Hardie Industries (NYSE:JHX) Upgraded at Loop Capital

Loop Capital upgraded shares of James Hardie Industries (NYSE:JHX) to a strong-buy rating in a report published on Monday morning, Marketbeat Ratings reports. Loop Capital currently has $35.00 price objective on the construction company’s stock.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial set a $35.00 target price on shares of James Hardie Industries in a report on Monday, August 10th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a research report on Friday, August 7th. UBS Group reissued a “buy” rating on shares of James Hardie Industries in a research note on Wednesday. Oppenheimer restated an “outperform” rating and set a $36.00 price objective on shares of James Hardie Industries in a research report on Wednesday. Finally, Barclays upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $26.00 to $35.00 in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.78.

James Hardie Industries Trading Down 0.7%

Shares of JHX stock opened at $26.87 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The company has a market cap of $15.60 billion, a price-to-earnings ratio of 107.50, a PEG ratio of 2.33 and a beta of 1.77. James Hardie Industries has a 1 year low of $16.46 and a 1 year high of $31.43. The firm has a fifty day moving average price of $28.20 and a 200-day moving average price of $24.08.

James Hardie Industries (NYSE:JHX) last released its earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.James Hardie Industries’s quarterly revenue was up 63.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. As a group, equities analysts predict that James Hardie Industries will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in James Hardie Industries during the 1st quarter valued at approximately $28,000. Modus Advisors LLC purchased a new position in shares of James Hardie Industries in the fourth quarter worth $31,000. MidFirst Bank bought a new position in shares of James Hardie Industries during the fourth quarter worth $65,000. Parallel Advisors LLC grew its stake in James Hardie Industries by 46.5% during the first quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock valued at $86,000 after acquiring an additional 1,439 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in James Hardie Industries by 14.7% during the first quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after acquiring an additional 884 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

James Hardie Industries Company Profile

James Hardie Industries plc is a building materials company specializing in fiber cement and fiber gypsum products. Its products are used in residential and commercial construction, remodeling and repair applications, including exterior siding, trim, soffits, weatherboard, roofing components and interior wall systems.

The company markets products under brands that include Hardie and Fermacell. Its fiber cement materials are designed to provide durability and resistance to fire, moisture, pests and weather, serving applications where alternatives such as wood, vinyl or traditional gypsum may be used.

Founded in Australia in 1888, James Hardie has developed into an international manufacturer and supplier serving customers across North America, Australia and New Zealand, Europe and other markets.