James Hardie Industries (NYSE:JHX) Shares Gap Down – Should You Sell?

James Hardie Industries plc (NYSE:JHX) shares gapped down prior to trading on Wednesday . The stock had previously closed at $37.04, but opened at $36.25. James Hardie Industries shares last traded at $36.38, with a volume of 329,484 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

James Hardie Industries Trading Up 0.1 %

The stock has a market capitalization of $15.92 billion, a PE ratio of 31.64, a PEG ratio of 4.08 and a beta of 1.74. The stock’s 50 day moving average price is $36.40 and its 200-day moving average price is $34.93. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Tuesday, August 13th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $991.90 million during the quarter, compared to analyst estimates of $1.01 billion. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. James Hardie Industries’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. On average, sell-side analysts expect that James Hardie Industries plc will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of James Hardie Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC bought a new position in James Hardie Industries in the 1st quarter worth approximately $30,000. Blue Trust Inc. grew its stake in James Hardie Industries by 55.7% during the second quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $33,000 after acquiring an additional 374 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in James Hardie Industries by 693.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,158 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,012 shares during the last quarter. GAMMA Investing LLC lifted its stake in James Hardie Industries by 38.8% in the 1st quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock worth $49,000 after purchasing an additional 341 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of James Hardie Industries during the first quarter valued at about $71,000. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Company Profile

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.