Truist Financial Forecasts Strong Price Appreciation for James Hardie Industries (NYSE:JHX) Stock

James Hardie Industries (NYSE:JHX) had its price target raised by stock analysts at Truist Financial from $30.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective indicates a potential upside of 34.82% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Stephens upped their price objective 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. Zacks Research raised shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Oppenheimer set a $36.00 target price on shares of James Hardie Industries in a research note on Friday. Finally, Barclays reissued a “positive” rating on shares of James Hardie Industries in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.11.

James Hardie Industries Stock Performance

NYSE:JHX opened at $29.67 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.03. The firm has a market cap of $17.22 billion, a PE ratio of 137.46, a P/E/G ratio of 13.94 and a beta of 1.77. The firm has a 50 day simple moving average of $25.24 and a 200-day simple moving average of $22.99. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $30.19.

James Hardie Industries (NYSE:JHX) last announced its 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. James Hardie Industries had a net margin of 2.15% and a return on equity of 11.13%. James Hardie Industries’s revenue was up 63.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. On average, equities analysts expect that James Hardie Industries will post 1.37 EPS for the current year.

Institutional Trading of James Hardie Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its position in James Hardie Industries by 17.0% during the 1st quarter. Royal Bank of Canada now owns 50,801 shares of the construction company’s stock valued at $1,197,000 after purchasing an additional 7,396 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 1,662,743 shares during the period. Jane Street Group LLC boosted its stake in James Hardie Industries by 222.4% during the 1st quarter. Jane Street Group LLC now owns 279,009 shares of the construction company’s stock valued at $6,573,000 after purchasing an additional 192,478 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of James Hardie Industries by 49.2% in the second quarter. Russell Investments Group Ltd. now owns 11,603 shares of the construction company’s stock valued at $312,000 after buying an additional 3,827 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $40,000 after purchasing an additional 1,461 shares in the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting James Hardie Industries

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

• Positive Sentiment: Quarterly results exceeded expectations. Fiscal Q1 revenue rose 63.9% year over year to approximately $1.47 billion, above the $1.42 billion consensus estimate. Adjusted EPS of $0.36 also topped expectations of $0.32, compared with $0.29 a year earlier. James Hardie quarterly earnings report
• Positive Sentiment: Management raised its fiscal 2027 outlook. Full-year revenue guidance of $5.6 billion to $5.7 billion is above the approximately $5.4 billion analyst consensus. Second-quarter revenue guidance of $1.5 billion to $1.6 billion also exceeds expectations of about $1.3 billion, signaling continued demand and confidence in the business. James Hardie raises fiscal 2027 outlook
• Positive Sentiment: Cash generation improved. Operating cash flow increased to $344 million, while capital expenditures declined to approximately $89.8 million, supporting financial flexibility. James Hardie fiscal 2027 first-quarter results

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.