UBS Group upgraded shares of James Hardie Industries (NYSE:JHX) from a neutral rating to a buy rating in a report released on Monday morning, The Fly reports.
Shares of NYSE:JHX opened at $15.35 on Monday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 28.08 and a beta of 0.78. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 1.42. James Hardie Industries has a 12-month low of $10.00 and a 12-month high of $16.27. The business’s 50 day moving average is $13.56 and its 200 day moving average is $13.05.
The business also recently announced a Semi-Annual dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, June 6th were given a dividend of $0.26 per share. This is a boost from James Hardie Industries’s previous Semi-Annual dividend of $0.21. The ex-dividend date was Wednesday, June 5th.
About James Hardie Industries
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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