James Hardie Industries (JHX)

• Market cap: $13.6B
• 1 day: -0.38%
• 5 days: -0.19%
• 1 month: -14.05%
• 3 months: -17.62%
• 6 months: -0.22%
• Year to date: -17.06%
• 1 year: -16.58%
• 5 years: 59.79%
• 10 years: 195.62%

About: James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for exterior siding on houses. Businesses in Australia, New Zealand, and Europe, make up the rest of earnings.

Employees: 5,679

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

184% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 25

73% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 22

14% more capital invested

Capital invested by funds: $278M [Q2] → $318M (+$40.3M) [Q3]

12% more funds holding

Funds holding: 131 [Q2] → 147 (+16) [Q3]

0.19% less ownership

Funds ownership: 2.04% [Q2] → 1.85% (-0.19%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $45 42% upside
• Avg. target: $45 42% upside
• High target: $45 42% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Truist Securities Keith Hughes 53% 1-year accuracy 27 / 51 met price target

42% upside $45

Buy Initiated

10 Dec 2024