James Hardie Industries (JHX) Sets New 52-Week Low at $12.48

James Hardie Industries plc (NYSE:JHX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.48 and last traded at $12.48, with a volume of 4429 shares trading hands. The stock had previously closed at $14.96.

JHX has been the subject of a number of recent analyst reports. TheStreet upgraded James Hardie Industries from a “c+” rating to a “b-” rating in a research note on Friday, August 17th. JPMorgan Chase & Co. upgraded James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Friday, September 7th. Morgan Stanley upgraded James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 16th. Finally, ValuEngine downgraded James Hardie Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. James Hardie Industries has an average rating of “Buy”.

The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 35.70 and a beta of 1.16.

James Hardie Industries (NYSE:JHX) last posted its quarterly earnings results on Friday, August 10th. The construction company reported $0.20 earnings per share for the quarter. The company had revenue of $651.00 million during the quarter. James Hardie Industries had a return on equity of 237.68% and a net margin of 8.16%.

Hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in shares of James Hardie Industries during the 2nd quarter worth $525,000. Crossmark Global Holdings Inc. grew its stake in shares of James Hardie Industries by 10.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,145 shares of the construction company’s stock worth $780,000 after acquiring an additional 4,743 shares during the period. Jane Street Group LLC grew its stake in shares of James Hardie Industries by 459.8% during the 2nd quarter. Jane Street Group LLC now owns 56,324 shares of the construction company’s stock worth $952,000 after acquiring an additional 46,262 shares during the period. UBS Group AG grew its stake in shares of James Hardie Industries by 9.5% during the 1st quarter. UBS Group AG now owns 60,021 shares of the construction company’s stock worth $1,073,000 after acquiring an additional 5,204 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of James Hardie Industries by 4.8% during the 2nd quarter. Renaissance Technologies LLC now owns 282,927 shares of the construction company’s stock worth $4,784,000 after acquiring an additional 12,927 shares during the period. Institutional investors own 0.55% of the company’s stock.

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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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