James Hardie Industries (NYSE:JHX) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of James Hardie Industries (NYSE:JHX) from a neutral rating to an overweight rating in a research note published on Wednesday morning, Marketbeat Ratings reports.

A number of other equities analysts also recently commented on JHX. Robert W. Baird decreased their target price on James Hardie Industries from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Zacks Research upgraded shares of James Hardie Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Raymond James Financial set a $21.00 target price on shares of James Hardie Industries in a research report on Monday, December 8th. Vertical Research upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, November 19th. Finally, Oppenheimer raised their price objective on shares of James Hardie Industries from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.15.

James Hardie Industries Stock Performance

James Hardie Industries stock opened at $26.02 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm has a market cap of $11.18 billion, a P/E ratio of 96.36, a P/E/G ratio of 7.84 and a beta of 1.80. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $33.00. The firm has a 50-day moving average of $22.08 and a 200-day moving average of $21.54.

James Hardie Industries (NYSE:JHX) last announced its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. James Hardie Industries had a return on equity of 16.18% and a net margin of 2.70%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the business earned $0.36 EPS. James Hardie Industries’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts expect that James Hardie Industries will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in James Hardie Industries by 17.0% in the first quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock worth $1,197,000 after purchasing an additional 7,396 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after purchasing an additional 1,662,743 shares in the last quarter. Jane Street Group LLC grew its stake in shares of James Hardie Industries by 222.4% in the 1st quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock worth $6,573,000 after buying an additional 192,478 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of James Hardie Industries by 19.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,777 shares of the construction company’s stock worth $397,000 after buying an additional 2,415 shares during the last quarter. Finally, Blue Trust Inc. increased its position in James Hardie Industries by 537.1% during the 2nd quarter. Blue Trust Inc. now owns 9,009 shares of the construction company’s stock valued at $242,000 after buying an additional 7,595 shares in the last quarter. 7.96% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting James Hardie Industries

Here are the key news stories impacting James Hardie Industries this week:

• Positive Sentiment: Q3 results beat Street estimates: Revenue of ~$1.24B and EPS of $0.24 topped consensus, and the company reported 30%+ y/y revenue growth driven largely by the AZEK acquisition — a clear near-term growth driver. MarketBeat Q3 Summary
• Positive Sentiment: AZEK acquisition materially lifted sales and management says cost synergies are coming in ahead of schedule, supporting adjusted EBITDA resilience despite GAAP margin effects — a key reason investors are bullish. BusinessWire Q3 Release
• Positive Sentiment: Analyst upgrades: JPMorgan moved JHX from Neutral to Overweight, and independent upgrades/commentary (e.g., Seeking Alpha upgrade to Buy) are increasing investor conviction. Upgrades amplify buying interest after the print. Finviz (JPMorgan note)
• Neutral Sentiment: Company-hosted materials and transcript are available for investors to dig into guidance and segment detail — useful for modelling but not new info beyond the results. Earnings Call Transcript
• Neutral Sentiment: Media coverage and analyst pieces (Zacks, Seeking Alpha) are comparing JHX performance versus peers and highlighting that much of the growth this quarter was acquisition-driven rather than organic — important context for investors weighing sustainability. Zacks Peer Comparison
• Negative Sentiment: Underlying organic growth remains modest and GAAP margins fell (~740bps), with reported EPS down y/y (from $0.36 to $0.24) despite the beat — risks for investors who worry about sustainability of acquisition-fueled growth. Seeking Alpha Analysis

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.