James Hardie Industries (NYSE:JHX) Stock Rating Upgraded by Bank of America

Share on StockTwits

Bank of America upgraded shares of James Hardie Industries (NYSE:JHX) from an underperform rating to a buy rating in a research note published on Thursday, Briefing.com Automated Import reports.

JHX has been the topic of several other reports. UBS Group raised shares of James Hardie Industries from a neutral rating to a buy rating in a research report on Monday, August 12th. Royal Bank of Canada started coverage on shares of James Hardie Industries in a research report on Thursday, August 29th. They issued an underperform rating on the stock. TheStreet raised shares of James Hardie Industries from a c+ rating to a b rating in a research report on Friday, August 23rd. ValuEngine raised shares of James Hardie Industries from a strong sell rating to a sell rating in a research report on Friday, November 1st. Finally, CLSA started coverage on shares of James Hardie Industries in a research report on Monday, November 4th. They issued an underperform rating on the stock. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. James Hardie Industries currently has a consensus rating of Hold.

JHX traded up $0.12 during trading on Thursday, hitting $19.10. The company had a trading volume of 13,328 shares, compared to its average volume of 16,735. The company has a market capitalization of $7.73 billion, a PE ratio of 32.96 and a beta of 0.74. James Hardie Industries has a one year low of $10.00 and a one year high of $19.23. The firm’s 50-day moving average price is $17.10 and its 200 day moving average price is $14.64. The company has a quick ratio of 0.69, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $0.20 EPS for the quarter. The business had revenue of $656.80 million for the quarter. James Hardie Industries had a net margin of 8.94% and a return on equity of 24.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wetherby Asset Management Inc. lifted its position in James Hardie Industries by 10.2% in the 3rd quarter. Wetherby Asset Management Inc. now owns 27,124 shares of the construction company’s stock valued at $456,000 after acquiring an additional 2,521 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in James Hardie Industries by 15.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 17,407 shares of the construction company’s stock worth $229,000 after buying an additional 2,392 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in James Hardie Industries by 5.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,109,284 shares of the construction company’s stock worth $14,654,000 after buying an additional 58,449 shares in the last quarter. Northern Trust Corp lifted its position in James Hardie Industries by 2.9% during the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock worth $5,759,000 after buying an additional 12,173 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in James Hardie Industries by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock worth $4,290,000 after buying an additional 10,400 shares in the last quarter. 0.65% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Company Profile

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards.

See Also: Green Investing

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