James Hardie Industries (JHX) Sets New 1-Year Low at $13.51
James Hardie Industries plc (NYSE:JHX) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.51 and last traded at $13.69, with a volume of 146 shares traded. The stock had previously closed at $13.71.
A number of equities research analysts recently issued reports on JHX shares. TheStreet upgraded shares of James Hardie Industries from a “c+” rating to a “b-” rating in a report on Friday, August 17th. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Friday, September 7th. Finally, ValuEngine cut shares of James Hardie Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy”.
The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 0.89. The firm has a market cap of $6.74 billion, a PE ratio of 38.15 and a beta of 1.09.
A number of hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in James Hardie Industries by 2.7% during the first quarter. Northern Trust Corp now owns 405,123 shares of the construction company’s stock valued at $7,244,000 after acquiring an additional 10,692 shares during the period. Renaissance Technologies LLC boosted its holdings in James Hardie Industries by 4.8% during the second quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock valued at $4,784,000 after acquiring an additional 12,927 shares during the period. UBS Group AG boosted its holdings in James Hardie Industries by 9.5% during the first quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock valued at $1,073,000 after acquiring an additional 5,204 shares during the period. Jane Street Group LLC boosted its holdings in James Hardie Industries by 459.8% during the second quarter. Jane Street Group LLC now owns 56,324 shares of the construction company’s stock valued at $952,000 after acquiring an additional 46,262 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in James Hardie Industries during the second quarter valued at about $525,000. Institutional investors own 0.55% of the company’s stock.
James Hardie Industries Company Profile (NYSE:JHX)
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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