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James Hardie Industries plc (NYSE: JHX) saw a significant decline in short interest in October. As of October 29, the total number of short positions was 91,200 shares, a decrease of 18.9% from 112,500 shares on October 14. Based on the average daily trading volume of 35,700 shares, the short interest rate is currently 2.6 days.

The New York Stock Exchange JHX fell by US$0.12 during Friday's trading session, hitting US$39.55. The company's stock trading volume was 18,778 shares, while its average trading volume was 30,232 shares. James Hardie Industries' 52-week low was $27.23 and the 52-week high was $41.85. The company has a market capitalization of US$17.6 billion, a P/E ratio of 40.36, and a beta of 1.28. The company's debt-to-equity ratio is 0.65, current ratio is 1.45, and quick ratio is 1.06. The company's 50-day moving average is $38.54, and its 200-day moving average is $36.29.

James Hardy Industries (NYSE: JHX) last announced its earnings results on Monday, November 8. The construction company reported earnings per share of US$0.35 for the quarter, which was US$0.01 higher than the consensus estimate of US$0.34. James Hardie Industries has a net profit margin of 13.31% and a return on equity of 44.34%. Stock research analysts predict that James Hardie Industries’ earnings per share for this fiscal year will be 1.38.

The company also recently announced a semi-annual dividend, which will be paid on Friday, December 17. Shareholders of record on Friday, November 19th will receive a dividend of $0.40. This represents a yield of 0.7%. This is a positive change compared to James Hardie Industries’ previous semi-annual dividend of $0.26. The ex-dividend date is Thursday, November 18.

Many research companies have weighed JHX. In a report on Wednesday, November 10th, Zacks Investment Research upgraded James Hardie Industries' stock from a "hold" rating to a "buy" rating and set a price target of $45.00 for the company. Citigroup upgraded James Hardie Industries' stock from a "Neutral" rating to a "Buy" rating in a research report on Wednesday, August 11.

Large investors recently bought and sold shares of the company. Ellevest Inc. increased its stake in James Hardie Industries by 119.0% in the third quarter. After purchasing 709 shares last quarter, Ellevest Inc. now owns 1,305 shares of the construction company, valued at $47,000. O Shaughnessy Asset Management LLC increased its stake in James Hardie Industries by 19.5% in the third quarter. After purchasing another 258 shares last quarter, O Shaughnessy Asset Management LLC now owns 1,581 shares of the construction company, valued at $56,000. Deutsche Bank acquired a new position at James Hardie Industries in the third quarter, valued at approximately $61,000. IFP Advisors Inc acquired a new position in James Hardie Industries stock worth approximately $68,000 in the second quarter. Finally, JPMorgan Chase & Co. increased its stake in James Hardie Industries by 30.5% in the second quarter. After increasing its holdings of 468 shares last quarter, JPMorgan Chase & Co. now owns 2,000 shares of the construction company, valued at $68,000. Institutional investors hold 1.11% of the company's shares.

James Hardie Industries Plc is engaged in the manufacture of fiber cement siding and back panels. It operates through the following divisions: North American Fiber Cement, Asia Pacific Fiber Cement, European Building Products and R&D. The North American Fiber Cement Division produces fiber cement linings, exterior wallboard products and related accessories in the United States.

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