Truist Financial Issues Positive Forecast for James Hardie Industries (NYSE:JHX) Stock Price

James Hardie Industries (NYSE:JHX) had its target price hoisted by Truist Financial from $30.00 to $40.00 in a research note issued to investors on Friday, Marketbeat reports. Truist Financial currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Barclays reaffirmed a “positive” rating on shares of James Hardie Industries in a research note on Friday, July 24th. Oppenheimer raised their target price on James Hardie Industries from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday. Stephens boosted their price target on shares of James Hardie Industries from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.62.

James Hardie Industries Trading Up 8.3%

Shares of James Hardie Industries stock opened at $30.33 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.58. James Hardie Industries has a fifty-two week low of $16.46 and a fifty-two week high of $30.74. The firm has a 50-day simple moving average of $25.38 and a two-hundred day simple moving average of $23.04. The company has a market cap of $17.60 billion, a P/E ratio of 121.34, a price-to-earnings-growth ratio of 1.31 and a beta of 1.77.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. James Hardie Industries had a return on equity of 10.63% and a net margin of 2.69%.James Hardie Industries’s revenue for the quarter was up 63.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, equities 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

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in James Hardie Industries by 11,238.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company’s stock worth $40,000 after buying an additional 1,461 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in James Hardie Industries in the 1st quarter valued at $28,000. Modus Advisors LLC acquired a new position in shares of James Hardie Industries during the fourth quarter worth about $31,000. Global Retirement Partners LLC increased its position in James Hardie Industries by 3,431.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,544 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in James Hardie Industries in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries News Roundup

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.

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.