James Hardie Industries (NYSE:JHX) Price Target Raised to $34.00

James Hardie Industries (NYSE:JHX) had its price objective raised by Stephens from $33.00 to $34.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Stephens’ price target suggests a potential upside of 13.21% from the stock’s current price.

JHX has been the topic of a number of other research reports. Oppenheimer lifted their price objective on James Hardie Industries from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird set a $34.00 target price on James Hardie Industries in a report on Friday. Zacks Research raised shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Truist Financial raised their target price on shares of James Hardie Industries from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays reiterated a “positive” rating on shares of James Hardie Industries in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.11.

James Hardie Industries Stock Performance

James Hardie Industries stock traded up $2.03 during mid-day trading on Friday, hitting $30.03. 4,985,452 shares of the company’s stock traded hands, compared to its average volume of 7,152,167. The firm has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $22.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 136.83, a P/E/G ratio of 13.94 and a beta of 1.77. James Hardie Industries has a fifty-two week low of $16.46 and a fifty-two week high of $30.74.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 63.9% on a year-over-year basis. On average, research analysts expect that James Hardie Industries will post 1.37 EPS for the current fiscal year.

Institutional Trading of James Hardie Industries

A number of hedge funds have recently made changes to their positions in JHX. Wellington Management Group LLP grew its holdings in shares of James Hardie Industries by 259.7% during the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after purchasing an additional 36,567,726 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in James Hardie Industries by 22.2% during the 4th quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock worth $201,071,000 after acquiring an additional 1,758,111 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in James Hardie Industries by 14.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,166,115 shares of the construction company’s stock worth $107,197,000 after acquiring an additional 634,354 shares during the last quarter. Hill City Capital LP raised its stake in shares of James Hardie Industries by 21.4% during the fourth quarter. Hill City Capital LP now owns 5,120,200 shares of the construction company’s stock valued at $106,244,000 after acquiring an additional 901,700 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of James Hardie Industries by 48.5% during the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock valued at $72,720,000 after acquiring an additional 1,254,400 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries News Roundup

Here are the key news stories impacting James Hardie Industries this week:

• Positive Sentiment: Quarterly results exceeded estimates. James Hardie reported fiscal Q1 revenue of approximately $1.47 billion, up 63.9% year over year and ahead of the $1.42 billion consensus estimate. EPS was $0.36 versus analyst expectations of $0.32. James Hardie quarterly earnings report
• Positive Sentiment: Management raised fiscal 2027 guidance. The company now expects full-year revenue of $5.6 billion to $5.7 billion, above the $5.4 billion analyst consensus. Second-quarter revenue guidance of $1.5 billion to $1.6 billion also exceeds the $1.3 billion consensus, providing a positive near-term earnings catalyst. James Hardie fiscal 2027 results and outlook
• Positive Sentiment: Cash generation and profitability improved. Net income attributable to common shareholders rose to $104.3 million, operating cash flow increased to $344 million, and capital expenditures declined to $89.8 million. The earnings presentation and conference call provided additional detail supporting the stronger outlook. James Hardie Q1 2027 earnings call transcript
• Neutral Sentiment: Institutional positioning was mixed, with several hedge funds adding shares while others reduced exposure. Recent analyst price targets have also varied widely, indicating some disagreement over valuation and upside.
• Negative Sentiment: Margin expansion lagged sales growth. Operating profit increased 9.5% year over year, substantially slower than revenue, while cost of sales climbed to approximately $925.9 million. Investors may also be cautious because the stock’s elevated valuation leaves less room for execution disappointments.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.