James Hardie Industries (NYSE:JHX) Stock Rating Lowered by StockNews.com

James Hardie Industries (NYSE:JHX) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

A number of other equities analysts have also weighed in on the company. Macquarie raised James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered James Hardie Industries from an “overweight” rating to a “neutral” rating in a research report on Tuesday. Finally, Bank of America lowered James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 target price for the company. in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.50.

James Hardie Industries Price Performance

JHX opened at $30.54 on Tuesday. The stock has a 50-day moving average price of $37.20 and a 200-day moving average price of $36.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.89 and a quick ratio of 1.46. The firm has a market cap of $13.25 billion, a PE ratio of 26.33, a P/E/G ratio of 1.80 and a beta of 1.72. James Hardie Industries has a 1 year low of $24.18 and a 1 year high of $41.98.

Institutional Investors Weigh In On James Hardie Industries

A number of large investors have recently made changes to their positions in JHX. Atlas Capital Advisors LLC bought a new position in shares of James Hardie Industries during the 1st quarter valued at approximately $30,000. GAMMA Investing LLC bought a new position in shares of James Hardie Industries during the 4th quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of James Hardie Industries by 693.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,012 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of James Hardie Industries during the 1st quarter valued at approximately $71,000. Finally, Lindbrook Capital LLC grew its stake in shares of James Hardie Industries by 14.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock valued at $117,000 after acquiring an additional 362 shares during the period. 7.96% of the stock is currently owned by institutional investors.

James Hardie Industries Company Profile

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.