The James Hardie Industries PLC (JHX) Upgraded to “Hold” at Zacks Investment Research

The James Hardie Industries PLC (JHX) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of James Hardie Industries PLC (NYSE:JHX) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “JAMES HARDI-ADR pioneered the development of fibre cement technology in the 1980’s. They have many product applications including: External siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing and drainage pipes. “

James Hardie Industries PLC (NYSE:JHX) opened at 15.59 on Tuesday. James Hardie Industries PLC has a 52 week low of $10.26 and a 52 week high of $17.30. The firm has a market capitalization of $6.87 billion, a PE ratio of 35.43 and a beta of 1.30. The firm has a 50-day moving average of $15.85 and a 200 day moving average of $15.84.

The firm also recently announced a dividend, which will be paid on Friday, February 24th. Stockholders of record on Wednesday, December 21st will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, December 19th. James Hardie Industries PLC’s dividend payout ratio (DPR) is currently 20.55%.

Several institutional investors have recently added to or reduced their stakes in JHX. Bank of Montreal Can boosted its position in James Hardie Industries PLC by 0.3% in the third quarter. Bank of Montreal Can now owns 6,891 shares of the company’s stock valued at $108,000 after buying an additional 21 shares during the period. Private Advisor Group LLC acquired a new position in James Hardie Industries PLC during the second quarter valued at approximately $196,000. Wetherby Asset Management Inc. boosted its position in James Hardie Industries PLC by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 22,334 shares of the company’s stock valued at $342,000 after buying an additional 225 shares during the period. JPMorgan Chase & Co. boosted its position in James Hardie Industries PLC by 11.4% in the second quarter. JPMorgan Chase & Co. now owns 28,997 shares of the company’s stock valued at $445,000 after buying an additional 2,960 shares during the period. Finally, World Asset Management Inc boosted its position in James Hardie Industries PLC by 7.4% in the third quarter. World Asset Management Inc now owns 29,625 shares of the company’s stock valued at $466,000 after buying an additional 2,050 shares during the period. Institutional investors own 0.90% of the company’s stock.

James Hardie Industries PLC Company Profile

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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