James Hardie Industries PLC (NYSE:JHX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “JAMES HARDI-ADR pioneered the development of fibre cement technology in the 1980’s. They have many product applications including: External siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing and drainage pipes. “

Separately, Citigroup Inc. raised shares of James Hardie Industries PLC from a “sell” rating to a “neutral” rating in a report on Monday, August 15th.

James Hardie Industries PLC (NYSE:JHX) traded down 0.73% during mid-day trading on Wednesday, reaching $15.00. 2,030 shares of the company traded hands. James Hardie Industries PLC has a 52-week low of $10.19 and a 52-week high of $17.30. The stock has a 50-day moving average of $15.95 and a 200 day moving average of $15.40. The stock has a market capitalization of $6.68 billion, a PE ratio of 24.59 and a beta of 1.32.

Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of James Hardie Industries PLC during the second quarter valued at about $105,000. Checchi Capital Advisers LLC increased its position in shares of James Hardie Industries PLC by 1.3% in the second quarter. Checchi Capital Advisers LLC now owns 8,028 shares of the company’s stock valued at $123,000 after buying an additional 106 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of James Hardie Industries PLC during the second quarter valued at about $196,000. OLD Mission Capital LLC purchased a new position in shares of James Hardie Industries PLC during the first quarter valued at about $180,000. Finally, Boys Arnold & Co. Inc. purchased a new position in shares of James Hardie Industries PLC during the second quarter valued at about $230,000. 0.92% of the stock is currently owned by institutional investors.

About James Hardie Industries PLC

James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications. The Company’s brand names include HardieBacker, Artisan Lap, Artisan Accent Trim, Cemplank, Prevail and Scyon. Its products include external siding, internal walls, floors, ceilings, soffits, roofing, lattice, decorative columns, fencing and facades.

5 Day Chart for NYSE:JHX

Receive News & Stock Ratings for James Hardie Industries PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James Hardie Industries PLC and related stocks with our FREE daily email newsletter.