William Blair Has Positive Estimate for JHX FY2028 Earnings

James Hardie Industries PLC. (NYSE:JHX) – Analysts at William Blair boosted their FY2028 EPS estimates for James Hardie Industries in a research note issued to investors on Tuesday, October 7th. William Blair analyst R. Merkel now anticipates that the construction company will earn $1.44 per share for the year, up from their previous forecast of $1.20. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for James Hardie Industries’ current full-year earnings is $1.39 per share.

Several other equities research analysts have also issued reports on the stock. Wolfe Research started coverage on shares of James Hardie Industries in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $25.00 price objective for the company. Robert W. Baird lowered their price target on shares of James Hardie Industries from $32.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 20th. Macquarie raised shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a report on Monday, July 28th. Jefferies Financial Group started coverage on shares of James Hardie Industries in a report on Friday, August 8th. They set a “buy” rating and a $34.00 price target for the company. Finally, Baird R W raised shares of James Hardie Industries to a “strong-buy” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, James Hardie Industries has a consensus rating of “Buy” and a consensus price target of $32.39.

James Hardie Industries Price Performance

James Hardie Industries stock opened at $21.32 on Friday. James Hardie Industries has a 52-week low of $17.85 and a 52-week high of $37.77. The firm has a fifty day moving average of $21.90 and a 200-day moving average of $23.84. The firm has a market capitalization of $9.16 billion, a P/E ratio of 27.69, a PEG ratio of 12.63 and a beta of 1.79. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a return on equity of 27.95% and a net margin of 8.75%.The business had revenue of $899.90 million during the quarter, compared to analyst estimates of $982.60 million. During the same period in the previous year, the company earned $0.41 EPS. James Hardie Industries’s revenue was down 9.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JHX. Massachusetts Financial Services Co. MA boosted its stake in James Hardie Industries by 241.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,718,075 shares of the construction company’s stock valued at $341,989,000 after acquiring an additional 8,988,938 shares during the last quarter. Citigroup Inc. boosted its stake in James Hardie Industries by 59,775.3% during the 1st quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company’s stock valued at $125,478,000 after acquiring an additional 5,317,017 shares during the last quarter. Wellington Management Group LLP bought a new position in James Hardie Industries during the 1st quarter valued at $90,526,000. Balyasny Asset Management L.P. boosted its stake in James Hardie Industries by 1,883.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,874,198 shares of the construction company’s stock valued at $104,177,000 after acquiring an additional 3,678,889 shares during the last quarter. Finally, Eminence Capital LP bought a new position in James Hardie Industries during the 2nd quarter valued at $83,249,000. 7.96% of the stock is currently owned by institutional investors.

James Hardie Industries Company Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.