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

James Hardie Industries (NYSE:JHX) had its target price lowered by stock analysts at Truist Financial from $40.00 to $37.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial‘s price target would suggest a potential upside of 31.93% from the company’s current price.

JHX has been the subject of a number of other research reports. Loop Capital began coverage on shares of James Hardie Industries in a research report on Monday, September 14th. They issued a “buy” rating and a $35.00 target price for the company. Melius Research assumed coverage on shares of James Hardie Industries in a report on Tuesday, October 6th. They set a “buy” rating and a $36.00 price target on the stock. Raymond James Financial set a $36.00 price target on shares of James Hardie Industries in a research note on Tuesday, October 6th. Robert W. Baird cut their price objective on James Hardie Industries from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $36.00 price objective on shares of James Hardie Industries in a research report on Wednesday, September 16th. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, James Hardie Industries currently has an average rating of “Moderate Buy” and a consensus price target of $33.56.

James Hardie Industries Stock Down 2.1%

Shares of JHX traded down $0.61 during trading hours on Friday, reaching $28.05. The company’s stock had a trading volume of 6,022,423 shares, compared to its average volume of 7,789,726. The company has a 50 day moving average of $26.86 and a two-hundred day moving average of $24.47. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 112.14, a P/E/G ratio of 3.02 and a beta of 1.78. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $31.43.

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

Hedge Funds Weigh In On James Hardie Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in James Hardie Industries in the third quarter valued at approximately $27,000. Reyes Financial Architecture Inc. acquired a new position in shares of James Hardie Industries during the 3rd quarter worth $36,000. Parallel Advisors LLC increased its stake in shares of James Hardie Industries by 46.5% during the 1st quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock worth $86,000 after purchasing an additional 1,439 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of James Hardie Industries by 348,600.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,487 shares of the construction company’s stock valued at $88,000 after purchasing an additional 3,486 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of James Hardie Industries by 21.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,384 shares of the construction company’s stock valued at $111,000 after purchasing an additional 787 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Trending Headlines about James Hardie Industries

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

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.