James Hardie Industries (NYSE:JHX) Reaches New 12-Month High at $19.63

Shares of James Hardie Industries plc (NYSE:JHX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $19.63 and last traded at $19.57, with a volume of 120 shares traded. The stock had previously closed at $19.10.

Several equities analysts recently commented on JHX shares. Bank of America raised shares of James Hardie Industries from an “underperform” rating to a “buy” rating in a research report on Thursday, November 7th. ValuEngine raised shares of James Hardie Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Royal Bank of Canada started coverage on shares of James Hardie Industries in a research report on Thursday, August 29th. They set an “underperform” rating for the company. UBS Group raised shares of James Hardie Industries from a “neutral” rating to a “buy” rating in a research report on Monday, August 12th. Finally, CLSA started coverage on shares of James Hardie Industries in a research report on Monday, November 4th. They set an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold”.

The company has a debt-to-equity ratio of 1.38, a current ratio of 1.66 and a quick ratio of 1.02. The firm’s 50-day moving average is $17.31 and its 200 day moving average is $14.75. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 33.51 and a beta of 0.74.

A number of hedge funds have recently modified their holdings of JHX. Renaissance Technologies LLC increased its stake 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 purchasing an additional 10,400 shares in the last quarter. Northern Trust Corp boosted 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 acquiring an additional 12,173 shares during the last quarter. Parametric Portfolio Associates LLC boosted 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 acquiring an additional 58,449 shares during the last quarter. D. E. Shaw & Co. Inc. boosted 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 acquiring an additional 2,392 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in James Hardie Industries by 10.2% during the 3rd quarter. Wetherby Asset Management Inc. now owns 27,124 shares of the construction company’s stock worth $456,000 after acquiring an additional 2,521 shares during the last quarter. 0.65% of the stock is owned by hedge funds and other institutional investors.

James Hardie Industries Company Profile (NYSE:JHX)

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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