James Hardie Industries (NYSE:JHX) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, March 12th, MarketBeat.com reports.
Separately, ValuEngine upgraded shares of James Hardie Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. James Hardie Industries currently has an average rating of “Buy”.
JHX stock traded down $0.03 on Monday, reaching $17.65. 4,708 shares of the company’s stock were exchanged, compared to its average volume of 10,694. The company has a debt-to-equity ratio of -4.87, a current ratio of 1.76 and a quick ratio of 1.18. James Hardie Industries has a twelve month low of $13.55 and a twelve month high of $18.79. The stock has a market cap of $7,806.15, a price-to-earnings ratio of 11.87 and a beta of 1.10.
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in James Hardie Industries by 117.6% in the 3rd quarter. Wells Fargo & Company MN now owns 26,823 shares of the construction company’s stock valued at $377,000 after purchasing an additional 14,494 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of James Hardie Industries in the third quarter worth $296,000. Crossmark Global Holdings Inc. acquired a new position in shares of James Hardie Industries in the third quarter worth $887,000. Aperio Group LLC grew its stake in shares of James Hardie Industries by 24.2% in the fourth quarter. Aperio Group LLC now owns 281,149 shares of the construction company’s stock worth $4,951,000 after acquiring an additional 54,811 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of James Hardie Industries by 69.1% in the fourth quarter. US Bancorp DE now owns 12,720 shares of the construction company’s stock worth $224,000 after acquiring an additional 5,198 shares in the last quarter. Hedge funds and other institutional investors own 0.51% of the company’s stock.
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About James Hardie Industries
James Hardie Industries Plc is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines. The Company’s operating segments are North America and Europe Fiber Cement, and Asia Pacific Fiber Cement.
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