TheStreet Lowers James Hardie Industries (JHX) to C+

James Hardie Industries (NYSE:JHX) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday.

Several other research analysts have also issued reports on JHX. JPMorgan Chase & Co. raised shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Friday, September 7th. ValuEngine lowered shares of James Hardie Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy”.

Shares of JHX opened at $13.38 on Tuesday. The stock has a market cap of $5.80 billion, a PE ratio of 32.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.73 and a quick ratio of 0.46. James Hardie Industries has a 52 week low of $12.90 and a 52 week high of $18.79.



James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Friday, August 10th. The construction company reported $0.20 earnings per share (EPS) for the quarter. James Hardie Industries had a net margin of 8.16% and a return on equity of 237.68%. The firm had revenue of $651.00 million during the quarter.

Large investors have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of James Hardie Industries during the second quarter worth approximately $525,000. Jane Street Group LLC increased its holdings in shares of James Hardie Industries by 459.8% during the second quarter. Jane Street Group LLC now owns 56,324 shares of the construction company’s stock worth $952,000 after buying an additional 46,262 shares in the last quarter. UBS Group AG increased its holdings in shares of James Hardie Industries by 9.5% during the first quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock worth $1,073,000 after buying an additional 5,204 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of James Hardie Industries by 4.8% during the second quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock worth $4,784,000 after buying an additional 12,927 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of James Hardie Industries by 2.7% during the first quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock worth $7,244,000 after buying an additional 10,692 shares in the last quarter. 0.55% of the stock is owned by hedge funds and other institutional investors.

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.

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