James Hardie Industries (NYSE:JHX) Given New $34.00 Price Target at Stephens

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

Other research analysts have also recently issued reports about the stock. Barclays reissued a “positive” rating on shares of James Hardie Industries in a research report on Friday, July 24th. Truist Financial upped their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer raised 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 note on Friday. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Robert W. Baird set a $34.00 price target on James Hardie Industries in a research report on Friday. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.62.

James Hardie Industries Price Performance

JHX opened at $30.33 on Friday. The stock has a fifty day simple moving average of $25.38 and a two-hundred day simple moving average of $23.04. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 121.34, a price-to-earnings-growth ratio of 1.31 and a beta of 1.77. James Hardie Industries has a 12-month low of $16.46 and a 12-month high of $30.74.

James Hardie Industries (NYSE:JHX) last announced its earnings results on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.63%. The company’s quarterly revenue was up 63.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. Research analysts predict that James Hardie Industries will post 1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On James Hardie Industries

A number of hedge funds have recently bought and sold shares of JHX. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in James Hardie Industries during the 1st quarter valued at about $28,000. Modus Advisors LLC bought a new position in shares of James Hardie Industries in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC lifted its stake in shares of James Hardie Industries by 3,431.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after buying an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of James Hardie Industries by 11,238.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock valued at $40,000 after buying an additional 1,461 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $41,000. 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: James Hardie reported fiscal Q1 EPS of $0.36, ahead of the $0.32 analyst consensus, while revenue of $1.47 billion exceeded expectations of $1.42 billion. Revenue increased 63.9% year over year. James Hardie Industries earnings report
• Positive Sentiment: The company raised fiscal 2027 revenue guidance to $5.6 billion-$5.7 billion, above the $5.4 billion consensus estimate. Its fiscal Q2 revenue outlook of $1.5 billion-$1.6 billion also exceeds the $1.3 billion analyst forecast. James Hardie fiscal Q1 results and outlook
• Positive Sentiment: Analysts responded favorably: Truist raised its price target from $30 to $40 and upgraded the stock to “buy,” while Stephens increased its target from $33 to $34 and maintained an “overweight” rating. Analyst price-target changes
• Neutral Sentiment: Operating profit rose 9.5% to $217.7 million, and operating cash flow reached $344 million, but profit growth lagged the sharp increase in sales. Net margin was only 2.15%, highlighting limited earnings conversion.
• Negative Sentiment: Cost of sales climbed to $925.9 million, total liabilities rose to approximately $7.0 billion, and the stock’s elevated valuation leaves less room for disappointment if growth or margins weaken.

James Hardie Industries Company Profile

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.