James Hardie Industries (NYSE:JHX) Stock Price Target Lowered at Stephens

Key Points

• Stephens lowered its price target on James Hardie Industries from $34 to $33, while maintaining an Overweight rating; the new target implies 18.3% upside from the prior close.
• The company beat quarterly estimates, reporting EPS of $0.42 versus $0.38 expected and revenue of $1.43 billion, up 10.5% year over year.
• Shares fell 2.7% on Friday. Despite full-year revenue guidance above analyst expectations, its next-quarter revenue outlook was below consensus; analysts overall hold a Moderate Buy consensus rating.

James Hardie Industries (NYSE:JHX - Get Free Report) had its price objective cut by research analysts at Stephens from $34.00 to $33.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. Stephens's price target points to a potential upside of 18.30% from the company's previous close.

Several other brokerages have also commented on JHX. Truist Financial decreased their target price on James Hardie Industries from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Friday. Oppenheimer reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of James Hardie Industries in a report on Wednesday, September 16th. Loop Capital initiated coverage on shares of James Hardie Industries in a research note on Monday, September 14th. They set a "buy" rating and a $35.00 target price for the company. Barclays upgraded shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $26.00 to $35.00 in a research note on Monday, August 10th. Finally, Zacks Research downgraded shares of James Hardie Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 6th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, James Hardie Industries has a consensus rating of "Moderate Buy" and a consensus price target of $33.44.

James Hardie Industries Stock Down 2.7%

Shares of NYSE:JHX traded down $0.76 during midday trading on Friday, reaching $27.90. The company had a trading volume of 8,697,469 shares, compared to its average volume of 7,800,455. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03. The stock's fifty day moving average price is $26.86 and its 200-day moving average price is $24.47. The stock has a market capitalization of $16.19 billion, a P/E ratio of 111.33, a PEG ratio of 3.02 and a beta of 1.78. James Hardie Industries has a one year low of $16.46 and a one year high of $31.43.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The construction company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. Equities research analysts expect that James Hardie Industries will post 1.26 earnings per share for the current fiscal year.

Institutional Trading of James Hardie Industries

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of James Hardie Industries in the second quarter valued at $47,651,000. Renaissance Technologies LLC lifted its position 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 purchasing an additional 1,254,400 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of James Hardie Industries by 12.3% during 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 lifted its holdings in shares of 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 valued at $105,114,000 after buying an additional 776,950 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of James Hardie Industries by 81.6% during the 1st 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 during 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 earnings were $0.42 per share, above the $0.38 consensus, while revenue of $1.43 billion also topped estimates and rose 10.5% year over year. James Hardie Q2 results
• Positive Sentiment: FY 2027 revenue guidance of $5.6 billion to $5.7 billion is above the $5.4 billion analyst consensus, indicating the company expects full-year sales to outperform current forecasts. FY27 results and outlook
• Neutral Sentiment: Truist cut its price target to $37 from $40 but maintained a Buy rating, suggesting continued upside potential while signaling a more cautious valuation view.
• Negative Sentiment: Management’s Q3 FY 2027 revenue guidance of $1.1 billion is below the $1.2 billion consensus. This near-term shortfall appears to have overshadowed the earnings beat and stronger full-year revenue outlook, contributing to the shares’ decline. Report on outlook

About James Hardie Industries

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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