Brokerages Set James Hardie Industries PLC. (NYSE:JHX) PT at $26.63

James Hardie Industries PLC. (NYSE:JHX) has been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.6250.

Several equities research analysts have weighed in on JHX shares. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 11th. Barclays lifted their price target on shares of James Hardie Industries from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Zacks Research downgraded shares of James Hardie Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Truist Financial lifted their price target on shares of James Hardie Industries from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in James Hardie Industries by 7.0% during the third quarter. Jones Financial Companies Lllp now owns 8,029 shares of the construction company’s stock worth $151,000 after buying an additional 525 shares during the last quarter. Greenleaf Trust raised its holdings in James Hardie Industries by 7.1% during the third quarter. Greenleaf Trust now owns 10,645 shares of the construction company’s stock worth $204,000 after buying an additional 703 shares during the last quarter. Xponance LLC raised its holdings in James Hardie Industries by 5.7% during the fourth quarter. Xponance LLC now owns 16,879 shares of the construction company’s stock worth $350,000 after buying an additional 911 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in James Hardie Industries by 16.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,684 shares of the construction company’s stock worth $139,000 after buying an additional 936 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in James Hardie Industries by 67.1% during the second quarter. Osaic Holdings Inc. now owns 2,576 shares of the construction company’s stock worth $67,000 after buying an additional 1,034 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Down 1.4%

James Hardie Industries stock opened at $18.75 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.73. James Hardie Industries has a 12-month low of $16.46 and a 12-month high of $29.83. The firm’s fifty day moving average is $22.03 and its 200 day moving average is $21.08. The company has a market capitalization of $8.06 billion, a PE ratio of 69.43, a PEG ratio of 3.48 and a beta of 1.84.

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

About James Hardie Industries

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.