James Hardie Industries (NYSE:JHX) Shares Gap Up to $34.43

James Hardie Industries plc (NYSE:JHX)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $34.43, but opened at $35.43. James Hardie Industries shares last traded at $34.92, with a volume of 4,700 shares.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JHX shares. Bank of America downgraded James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price objective for the company. in a report on Tuesday, January 23rd. StockNews.com cut James Hardie Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th.

James Hardie Industries Stock Up 2.8 %

The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.61 and a beta of 1.69. The firm’s fifty day moving average price is $38.62 and its two-hundred day moving average price is $34.91. 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 (NYSE:JHX) last posted its earnings results on Monday, February 12th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $978.30 million during the quarter, compared to analyst estimates of $960.23 million. James Hardie Industries had a net margin of 13.93% and a return on equity of 38.75%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. Sell-side analysts forecast that James Hardie Industries plc will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC purchased a new position in James Hardie Industries during the first quarter valued at approximately $30,000. GAMMA Investing LLC bought a new stake in James Hardie Industries during the fourth quarter worth about $33,000. Allspring Global Investments Holdings LLC bought a new position in shares of James Hardie Industries during the 1st quarter valued at about $71,000. Barometer Capital Management Inc. bought a new stake in James Hardie Industries in the 4th quarter worth approximately $120,000. Finally, Fifth Third Bancorp boosted its stake in James Hardie Industries by 492.8% in the fourth quarter. Fifth Third Bancorp now owns 3,681 shares of the construction company’s stock worth $142,000 after buying an additional 3,060 shares in the last quarter. 7.96% of the stock is owned by 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.