James Hardie Industries (NYSE:JHX) Price Target Cut to $37.00 by Analysts at Truist Financial

Key Points

• Truist cut its price target on James Hardie from $40 to $37 but maintained a Buy rating, implying about 32% upside from the prior close.
• The latest quarter beat estimates: EPS was $0.42 versus $0.38 expected, revenue reached $1.43 billion versus $1.39 billion expected, and sales grew 10.5% year over year.
• Analyst views are mixed overall, though the stock has a Moderate Buy consensus rating and an average price target of $33.56.

James Hardie Industries (NYSE:JHX - Get Free Report) had its price target cut by research analysts at Truist Financial from $40.00 to $37.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Truist Financial's price target would indicate a potential upside of 31.93% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup cut shares of James Hardie Industries from a "buy" rating to a "neutral" rating in a research note on Monday, September 28th. UBS Group reiterated a "buy" rating on shares of James Hardie Industries in a research report on Wednesday, September 16th. Zacks Research cut shares of James Hardie Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 6th. Raymond James Financial set a $36.00 target price on shares of James Hardie Industries in a research note on Tuesday, October 6th. Finally, Melius Research assumed coverage on shares of James Hardie Industries in a report on Tuesday, October 6th. They issued a "buy" rating and a $36.00 price objective for the company. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, James Hardie Industries has a consensus rating of "Moderate Buy" and a consensus price target of $33.56.

James Hardie Industries Stock Performance

Shares of JHX traded down $0.61 during mid-day trading on Friday, reaching $28.05. 6,022,423 shares of the company's stock traded hands, compared to its average volume of 7,789,726. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.59. The business's 50-day moving average price is $26.86 and its 200-day moving average price is $24.47. The stock has a market capitalization of $16.28 billion, a P/E ratio of 112.14, a price-to-earnings-growth ratio of 3.02 and a beta of 1.78. James Hardie Industries has a 12 month low of $16.46 and a 12 month high of $31.43.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its earnings results on Thursday, November 5th. The construction company reported $0.42 EPS 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 firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same period last year, the firm earned $0.26 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. Equities analysts predict that James Hardie Industries will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On James Hardie Industries

Several hedge funds have recently made changes to their positions in JHX. Squarepoint Ops LLC purchased a new stake in James Hardie Industries during the second quarter valued at about $47,651,000. Renaissance Technologies LLC boosted its holdings in shares of James Hardie Industries by 48.5% in the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company's stock worth $72,720,000 after buying an additional 1,254,400 shares during the period. Alyeska Investment Group L.P. increased its position in shares of James Hardie Industries by 12.3% in the second quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company's stock worth $228,758,000 after acquiring an additional 954,317 shares in the last quarter. RDST Capital LLC grew its position in James Hardie Industries by 24.0% during the 2nd quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company's stock worth $105,114,000 after purchasing an additional 776,950 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of James Hardie Industries by 81.6% during the first quarter. Bank of America Corp DE now owns 1,512,821 shares of the construction company's stock valued at $28,653,000 after buying an additional 679,728 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

Key James Hardie Industries News

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

• Positive Sentiment: Fiscal Q2 adjusted EPS was $0.42, topping the $0.38 consensus estimate. Revenue also beat estimates and rose 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 roughly $5.4 billion analyst consensus, offering a constructive full-year outlook. James Hardie reaffirms FY 2027 guidance
• Negative Sentiment: For Q3 FY 2027, the company guided to revenue of about $1.1 billion, below the $1.2 billion consensus. This near-term shortfall appears to have overshadowed the quarterly beat and higher full-year revenue range. 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.

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