James Hardie Industries (NYSE:JHX) Stock Price Expected to Rise, Stephens Analyst Says

Key Points

• Stephens raised its price target for James Hardie Industries from $33 to $34 and maintained an “overweight” rating, implying 13.21% upside from the prior close.
• Analyst sentiment is broadly positive: nine analysts rate the stock a Buy and four rate it a Hold, resulting in a “Moderate Buy” consensus rating, though the average target of $30.11 is below Stephens’ forecast.
• James Hardie beat quarterly expectations, reporting $0.36 in EPS versus $0.32 expected and $1.47 billion in revenue versus $1.42 billion forecast; revenue increased 63.9% year over year.

James Hardie Industries (NYSE:JHX - Get Free Report) had its target price boosted by research analysts at Stephens from $33.00 to $34.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. Stephens' price target indicates a potential upside of 13.21% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Research upgraded James Hardie Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Robert W. Baird set a $34.00 price target on James Hardie Industries in a report on Friday. Barclays reiterated a "positive" rating on shares of James Hardie Industries in a research report on Friday, July 24th. Oppenheimer upped their target price on shares of James Hardie Industries from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday. Finally, 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 research note on Friday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, James Hardie Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.11.

James Hardie Industries Stock Performance

Shares of NYSE JHX traded up $2.03 during trading hours on Friday, reaching $30.03. The stock had a trading volume of 4,985,452 shares, compared to its average volume of 7,152,167. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 136.83, a PEG ratio of 13.94 and a beta of 1.77. James Hardie Industries has a twelve month low of $16.46 and a twelve month high of $30.74. The business's fifty day moving average is $25.24 and its two-hundred day moving average is $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.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The business's revenue for the quarter was up 63.9% on a year-over-year basis. As a group, research analysts expect that James Hardie Industries will post 1.37 EPS for the current year.

Hedge Funds Weigh In On James Hardie Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gilliland Jeter Wealth Management LLC bought a new position in shares of James Hardie Industries in the 4th quarter valued at about $1,038,000. TimesSquare Capital Management LLC boosted its position in James Hardie Industries by 25.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,003,166 shares of the construction company's stock valued at $41,566,000 after purchasing an additional 401,435 shares during the last quarter. ING Groep NV acquired a new position in James Hardie Industries during the fourth quarter valued at approximately $5,244,000. Calamos Advisors LLC grew its stake in James Hardie Industries by 26.4% in the first quarter. Calamos Advisors LLC now owns 993,270 shares of the construction company's stock valued at $18,813,000 after purchasing an additional 207,567 shares in the last quarter. Finally, Union Square Park Capital Management LLC bought a new position in James Hardie Industries in the first quarter valued at approximately $852,000. Institutional investors own 7.96% of the company's stock.

James Hardie Industries News Summary

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.

About James Hardie Industries

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.

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