StockNews.com downgraded shares of James Hardie Industries (NYSE:JHX – Free Report) from a buy rating to a hold rating in a research report released on Tuesday morning.
JHX has been the topic of several other reports. JPMorgan Chase & Co. downgraded shares of James Hardie Industries from an overweight rating to a neutral rating in a research note on Tuesday, May 21st. Macquarie raised shares of James Hardie Industries from a neutral rating to an outperform rating in a research note on Tuesday, May 21st.
Check Out Our Latest Stock Report on James Hardie Industries
James Hardie Industries Stock Performance
James Hardie Industries (NYSE:JHX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $991.90 million for the quarter, compared to the consensus estimate of $1.01 billion. James Hardie Industries had a net margin of 12.96% and a return on equity of 38.97%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. Equities analysts anticipate that James Hardie Industries will post 1.5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On James Hardie Industries
Institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new position in James Hardie Industries during the first quarter worth about $30,000. GAMMA Investing LLC purchased a new position in James Hardie Industries during the fourth quarter worth about $33,000. Blue Trust Inc. raised its stake in James Hardie Industries by 55.7% during the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock worth $33,000 after purchasing an additional 374 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in James Hardie Industries by 693.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,012 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in James Hardie Industries during the first quarter worth about $71,000. 7.96% of the stock is owned by hedge funds and other institutional investors.
About James Hardie Industries
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.
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