James Hardie Industries (NYSE:JHX) Price Target Cut to $33.00 by Analysts at Stephens

James Hardie Industries (NYSE:JHX) had its target price reduced by Stephens from $34.00 to $33.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other research firms have also recently weighed in on JHX. Robert W. Baird decreased their target price on shares of James Hardie Industries from $34.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Oppenheimer reaffirmed an “outperform” rating and set a $36.00 price target on shares of James Hardie Industries in a research report on Wednesday, September 16th. Melius Research initiated coverage on shares of James Hardie Industries in a research note on Tuesday, October 6th. They set a “buy” rating and a $36.00 price objective on the stock. Loop Capital started coverage on shares of James Hardie Industries in a report on Monday, September 14th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Barclays upgraded shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

James Hardie Industries Trading Down 2.7%

NYSE:JHX traded down $0.76 during mid-day trading on Friday, hitting $27.90. The company had a trading volume of 12,569,878 shares, compared to its average volume of 7,374,396. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59. James Hardie Industries has a fifty-two week low of $16.46 and a fifty-two week high of $31.43. The firm has a market cap of $16.19 billion, a P/E ratio of 45.73, a P/E/G ratio of 2.84 and a beta of 1.78. The business’s fifty day moving average is $26.82 and its two-hundred day moving average is $24.49.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Thursday, November 5th. The construction company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $0.26 EPS. James Hardie Industries’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, research analysts expect that James Hardie Industries will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On James Hardie Industries

Large investors have recently modified their holdings of the stock. Engineers Gate Manager LP lifted its position in James Hardie Industries by 153.8% during the second quarter. Engineers Gate Manager LP now owns 739,441 shares of the construction company’s stock worth $19,359,000 after acquiring an additional 448,047 shares during the last quarter. Fund 1 Investments LLC bought a new stake in shares of James Hardie Industries during the second quarter worth approximately $1,047,000. RDST Capital LLC grew its position in shares of James Hardie Industries by 24.0% in the second quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock valued at $105,114,000 after purchasing an additional 776,950 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in shares of James Hardie Industries in the second quarter valued at approximately $5,459,000. Finally, Squarepoint Ops LLC acquired a new position in shares of James Hardie Industries in the second quarter valued at approximately $47,651,000. 7.96% of the stock is owned by institutional investors.

More James Hardie Industries News

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

• Positive Sentiment: Fiscal Q2 adjusted EPS of $0.42 beat the $0.38 consensus, while revenue was $1.43 billion versus estimates of $1.39 billion, up 10.5% year over year. James Hardie Industries Fiscal Q2 Adjusted Earnings, Sales Rise
• Positive Sentiment: FY 2027 revenue guidance of $5.6 billion–$5.7 billion is above the $5.4 billion analyst consensus, supporting the company’s full-year growth outlook. James Hardie reaffirms FY 2027 guidance
• Neutral Sentiment: Truist and Stephens lowered their price targets to $37 and $33, respectively, but kept Buy and Overweight ratings, indicating continued optimism despite reduced expectations.
• Negative Sentiment: Fiscal Q3 revenue guidance of $1.1 billion came in below the $1.2 billion consensus. The softer near-term outlook is likely the main reason the shares have declined despite the quarterly earnings beat. James Hardie falls on disappointing fiscal 2027 outlook

James Hardie Industries Company Profile

James Hardie Industries plc is a global building materials manufacturer specializing in fiber cement products. Its portfolio includes exterior siding, trim, soffits, backer board and related solutions used in residential and commercial construction, remodeling and repair projects.

The company markets products under brands including James Hardie, HardiePlank, HardiePanel and HardieBacker. Fiber cement is designed to provide durability and resistance to moisture, fire, pests and changing weather conditions, making it an alternative to materials such as wood, vinyl and traditional cement products.

Founded in Australia in 1888, James Hardie has expanded into an international building products business serving customers across North America, Australia and New Zealand, Europe and other selected markets.