James Hardie Industries (NYSE:JHX) Price Target Raised to $26.00

James Hardie Industries (NYSE:JHX) had its target price raised by Barclays from $21.00 to $26.00 in a report issued on Thursday morning, Marketbeat reports. The brokerage currently has an equal weight rating on the construction company’s stock.

A number of other analysts also recently weighed in on JHX. Oppenheimer boosted their target price on James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Zacks Research raised shares of James Hardie Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Raymond James Financial set a $21.00 target price on shares of James Hardie Industries in a report on Monday, December 8th. Truist Financial lifted their target price on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird cut their price target on shares of James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.71.

James Hardie Industries Stock Up 0.4%

Shares of NYSE:JHX opened at $25.86 on Thursday. The firm has a market capitalization of $11.11 billion, a PE ratio of 95.76, a price-to-earnings-growth ratio of 5.96 and a beta of 1.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.54. James Hardie Industries has a 52-week low of $16.46 and a 52-week high of $33.00. The firm has a fifty day moving average of $22.32 and a 200 day moving average of $21.53.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. James Hardie Industries had a return on equity of 13.52% and a net margin of 2.70%.The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue was up 30.1% compared to the same quarter last year. As a group, research analysts anticipate that James Hardie Industries will post 1.39 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

Several large investors have recently modified their holdings of JHX. FORA Capital LLC bought a new position in James Hardie Industries during the 4th quarter valued at approximately $1,401,000. Marshall Wace LLP increased its stake in shares of James Hardie Industries by 40.2% during the fourth quarter. Marshall Wace LLP now owns 2,045,950 shares of the construction company’s stock valued at $42,453,000 after buying an additional 586,790 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of James Hardie Industries during the fourth quarter valued at approximately $7,277,000. Walleye Capital LLC lifted its stake in James Hardie Industries by 8.0% in the fourth quarter. Walleye Capital LLC now owns 398,511 shares of the construction company’s stock worth $8,269,000 after acquiring an additional 29,544 shares during the period. Finally, Heights Point Management LP bought a new stake in James Hardie Industries in the fourth quarter valued at $5,727,000. 7.96% of the stock is owned by institutional investors.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.