James Hardie Industries (NYSE:JHX) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of James Hardie Industries (NYSE:JHX) from an overweight rating to a neutral rating in a research note released on Tuesday morning, Marketbeat reports.

Several other research firms also recently commented on JHX. StockNews.com raised shares of James Hardie Industries from a buy rating to a strong-buy rating in a report on Monday, May 13th. Bank of America downgraded shares of James Hardie Industries from a neutral rating to an underperform rating and set a $35.50 target price on the stock. in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $35.50.

James Hardie Industries Price Performance

JHX stock opened at $31.28 on Tuesday. James Hardie Industries has a one year low of $24.18 and a one year high of $41.98. The company’s fifty day moving average price is $37.02 and its 200-day moving average price is $36.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.46 and a current ratio of 1.79. The company has a market capitalization of $13.57 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.76 and a beta of 1.72.

Institutional Investors Weigh In On James Hardie Industries

Hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC purchased a new stake in James Hardie Industries during the first quarter valued at $30,000. GAMMA Investing LLC purchased a new stake in James Hardie Industries during the fourth quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. raised its stake in James Hardie Industries by 693.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,012 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in James Hardie Industries during the first quarter valued at $71,000. Finally, Lindbrook Capital LLC raised its stake in James Hardie Industries by 14.3% during the first quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock valued at $117,000 after purchasing an additional 362 shares in the last quarter. Hedge funds and other institutional investors 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.