James Hardie Industries (NYSE:JHX) Lifted to “Outperform” at Macquarie

James Hardie Industries (NYSE:JHX) was upgraded by equities researchers at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat Ratings reports.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded James Hardie Industries from an “overweight” rating to a “neutral” rating in a report on Tuesday. StockNews.com upgraded James Hardie Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th. Finally, Bank of America lowered James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price target on the stock. in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.50.

James Hardie Industries Stock Performance

Shares of JHX stock opened at $30.54 on Tuesday. The stock has a market capitalization of $13.25 billion, a PE ratio of 26.33, a PEG ratio of 1.80 and a beta of 1.72. The business’s 50 day simple moving average is $37.20 and its 200 day simple moving average is $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. James Hardie Industries has a one year low of $24.18 and a one year high of $41.98.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $4,532,000. Bleakley Financial Group LLC grew its position in James Hardie Industries by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 12,124 shares of the construction company’s stock valued at $469,000 after purchasing an additional 623 shares during the period. New York State Common Retirement Fund increased its stake in James Hardie Industries by 357.7% during the 3rd quarter. New York State Common Retirement Fund now owns 30,101 shares of the construction company’s stock valued at $790,000 after purchasing an additional 23,524 shares in the last quarter. Ballentine Partners LLC acquired a new position in James Hardie Industries during the fourth quarter worth $305,000. Finally, Acadian Asset Management LLC lifted its stake in shares of James Hardie Industries by 754.0% in the third quarter. Acadian Asset Management LLC now owns 116,574 shares of the construction company’s stock valued at $3,055,000 after buying an additional 102,923 shares in the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

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.