James Hardie Industries (NYSE:JHX) Receives “Outperform” Rating from Oppenheimer

James Hardie Industries (NYSE:JHX)‘s stock had its “outperform” rating reiterated by Oppenheimer in a report issued on Wednesday, Benzinga reports. They presently have a $36.00 price objective on the construction company’s stock. Oppenheimer’s price target indicates a potential upside of 31.48% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Truist Financial boosted their price target on shares of James Hardie Industries from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Stephens lifted their price objective on James Hardie Industries from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Robert W. Baird set a $34.00 target price on James Hardie Industries in a report on Friday, August 7th. UBS Group restated a “buy” rating on shares of James Hardie Industries in a research note on Wednesday. Finally, Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.78.

James Hardie Industries Trading Up 1.2%

NYSE:JHX traded up $0.32 during trading hours on Wednesday, hitting $27.38. The company had a trading volume of 7,694,996 shares, compared to its average volume of 7,140,993. The company has a market capitalization of $15.89 billion, a PE ratio of 109.07, a price-to-earnings-growth ratio of 2.44 and a beta of 1.77. The stock has a 50-day moving average price of $28.15 and a 200 day moving average price of $24.06. James Hardie Industries has a 52 week low of $16.46 and a 52 week high of $31.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.03.

James Hardie Industries (NYSE:JHX) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 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 $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 63.9% on a year-over-year basis. On average, equities research analysts predict that James Hardie Industries will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of JHX. Alyeska Investment Group L.P. boosted its position in shares of James Hardie Industries by 12.3% in the 2nd quarter. Alyeska Investment Group L.P. now owns 8,737,905 shares of the construction company’s stock worth $228,758,000 after purchasing an additional 954,317 shares in the last quarter. Hill City Capital LP raised its stake in James Hardie Industries by 1.8% during the second quarter. Hill City Capital LP now owns 5,723,900 shares of the construction company’s stock valued at $149,852,000 after buying an additional 102,200 shares during the last quarter. RDST Capital LLC raised its stake in James Hardie Industries by 24.0% during the second quarter. RDST Capital LLC now owns 4,015,067 shares of the construction company’s stock valued at $105,114,000 after buying an additional 776,950 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in James Hardie Industries by 48.5% in the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock worth $72,720,000 after acquiring an additional 1,254,400 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in James Hardie Industries by 22.5% in the second quarter. Jones Financial Companies Lllp now owns 2,166,998 shares of the construction company’s stock worth $57,707,000 after acquiring an additional 397,621 shares in the last quarter. 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: Higher free-cash-flow target: James Hardie reaffirmed its fiscal 2027 sales outlook and raised its free-cash-flow target, strengthening the company’s cash-generation story and potentially supporting future investment, debt reduction or shareholder returns. James Hardie Reaffirms Fiscal 2027 Sales Outlook, Raises Free Cash Flow Target
• Positive Sentiment: Operating outlook maintained: Management confirmed its second-quarter and full-year fiscal 2027 sales and adjusted EBITDA outlook, while outlining long-term growth plans at its Investor Day. The reaffirmation reduces concerns about an earnings reset and suggests current business trends remain on track. James Hardie Hosts 2026 Investor Day, Outlines Path to Long-term Value Creation
• Positive Sentiment: Portfolio focus: The company’s strategy emphasizes concentrating capital on higher-priority growth opportunities, following the planned sale of its European fibre gypsum and cement-bonded products business for €840 million. Exiting Europe could simplify the portfolio and improve capital allocation, although execution remains important. James Hardie lifts guidance and details long-term growth at 2026 Investor Day
• Neutral Sentiment: Investor positioning is mixed: Institutional activity was broadly balanced, with 181 investors adding shares and 182 reducing positions in the latest quarter. Millennium-linked investors also disclosed a substantial holding, indicating continued institutional interest but not a clear consensus. James Hardie Receives Substantial Holding Notice From Millennium-Linked Investors
• Negative Sentiment: Profit-taking and limited near-term upside: The shares recently reached a 52-week high, and investors may have viewed the Investor Day as lacking a sufficiently large new earnings catalyst beyond previously announced guidance improvements. This helps explain the recent pullback despite the constructive long-term message. James Hardie Industries Slides as Investors Reassess Near-Term Catalysts
• Negative Sentiment: Insider selling: Reported insider activity showed seven open-market sales and no purchases over the past six months, including sales by senior executives. While not necessarily a fundamental signal, the pattern may weigh on sentiment. James Hardie Industries Slides as Investors Reassess Near-Term Catalysts

James Hardie Industries Company Profile

James Hardie Industries plc is a building materials company specializing in fiber cement and fiber gypsum products. Its products are used in residential and commercial construction, remodeling and repair applications, including exterior siding, trim, soffits, weatherboard, roofing components and interior wall systems.

The company markets products under brands that include Hardie and Fermacell. Its fiber cement materials are designed to provide durability and resistance to fire, moisture, pests and weather, serving applications where alternatives such as wood, vinyl or traditional gypsum may be used.

Founded in Australia in 1888, James Hardie has developed into an international manufacturer and supplier serving customers across North America, Australia and New Zealand, Europe and other markets.