James Hardie Industries (NYSE:JHX) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. lowered shares of James Hardie Industries (NYSE:JHX) from an overweight rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Several other equities analysts have also issued reports on JHX. Bank of America lowered James Hardie Industries from a neutral rating to an underperform rating and set a $35.50 price target for the company. in a research report on Tuesday, January 23rd. StockNews.com upgraded shares of James Hardie Industries from a buy rating to a strong-buy rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $35.50.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $31.30 on Tuesday. James Hardie Industries has a twelve month low of $24.28 and a twelve month high of $41.98. The company has a quick ratio of 1.46, a current ratio of 1.79 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $13.58 billion, a P/E ratio of 26.98, a PEG ratio of 2.70 and a beta of 1.72. The stock’s 50 day moving average is $36.87 and its 200 day moving average is $36.40.

Hedge Funds Weigh In On James Hardie Industries

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of James Hardie Industries by 38.8% in the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock worth $49,000 after acquiring an additional 341 shares during the period. Lindbrook Capital LLC raised its stake in James Hardie Industries by 14.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock valued at $117,000 after buying an additional 362 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of James Hardie Industries by 2.8% during the 4th quarter. Quadrant Capital Group LLC now owns 15,302 shares of the construction company’s stock valued at $592,000 after buying an additional 424 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of James Hardie Industries by 4.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company’s stock worth $254,000 after buying an additional 433 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of James Hardie Industries by 1.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 36,658 shares of the construction company’s stock worth $1,418,000 after acquiring an additional 455 shares during the period. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.