James Hardie Industries (NYSE:JHX) Shares Gap Up to $21.47



James Hardie Industries plc (NYSE:JHXGet Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $21.47, but opened at $22.27. James Hardie Industries shares last traded at $22.27, with a volume of 15 shares changing hands.

Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of James Hardie Industries in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 17th.

The company has a market cap of $10.12 billion, a PE ratio of 22.07 and a beta of 1.30. The business’s 50-day moving average is $25.91 and its 200 day moving average is $31.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.10 and a current ratio of 1.46.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, June 29th. Investors of record on Friday, May 27th will be given a $0.215 dividend. The ex-dividend date of this dividend is Thursday, May 26th. James Hardie Industries’s payout ratio is presently 41.75%.

Institutional investors have recently made changes to their positions in the business. UMB Bank N A MO bought a new stake in James Hardie Industries in the 4th quarter worth $39,000. BNP Paribas Arbitrage SA boosted its stake in shares of James Hardie Industries by 880.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock valued at $59,000 after purchasing an additional 1,760 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of James Hardie Industries by 150.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after purchasing an additional 1,486 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of James Hardie Industries by 28.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after purchasing an additional 640 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of James Hardie Industries by 102.2% during the 4th quarter. Bessemer Group Inc. now owns 3,314 shares of the construction company’s stock valued at $135,000 after purchasing an additional 1,675 shares in the last quarter. 17.17% of the stock is currently owned by institutional investors and hedge funds.

James Hardie Industries Company Profile (NYSE:JHX)

James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada.

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