Bank of America upgraded shares of James Hardie Industries (NYSE:JHX) from an underperform rating to a buy rating in a report released on Thursday, November 7th, Briefing.com Automated Import reports.
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A number of other equities analysts also recently weighed in on the company. CLSA started coverage on James Hardie Industries in a report on Monday, November 4th. They issued an underperform rating on the stock. UBS Group upgraded James Hardie Industries from a neutral rating to a buy rating in a report on Monday, August 12th. TheStreet upgraded James Hardie Industries from a c+ rating to a b rating in a report on Friday, August 23rd. Royal Bank of Canada initiated coverage on James Hardie Industries in a research report on Thursday, August 29th. They set an underperform rating for the company. Finally, ValuEngine raised James Hardie Industries from a strong sell rating to a sell rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold.
JHX stock traded down $0.11 during mid-day trading on Thursday, reaching $19.70. 3,691 shares of the stock traded hands, compared to its average volume of 12,214. The company has a market cap of $8.65 billion, a P/E ratio of 37.88 and a beta of 0.74. James Hardie Industries has a 52-week low of $10.00 and a 52-week high of $19.85. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average is $17.83 and its 200-day moving average is $15.02.
Several institutional investors and hedge funds have recently bought and sold shares of JHX. Parametric Portfolio Associates LLC increased its stake in shares of James Hardie Industries by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,109,284 shares of the construction company’s stock valued at $14,654,000 after buying an additional 58,449 shares in the last quarter. Northern Trust Corp raised its position in James Hardie Industries by 2.9% in the 2nd quarter. Northern Trust Corp now owns 435,975 shares of the construction company’s stock valued at $5,759,000 after buying an additional 12,173 shares during the last quarter. Renaissance Technologies LLC raised its position in James Hardie Industries by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 324,727 shares of the construction company’s stock valued at $4,290,000 after buying an additional 10,400 shares during the last quarter. Wetherby Asset Management Inc. raised 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 buying an additional 2,521 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of 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 purchasing an additional 2,392 shares during the last quarter. 0.65% of the stock is owned by institutional investors.
About James Hardie Industries
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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