James Hardie Industries (NYSE:JHX) Cut to Neutral at Citigroup

Posted by Geri Gentry on Oct 1st, 2026

Citigroup cut shares of James Hardie Industries (NYSE:JHX – Free Report) from a buy rating to a neutral rating in a research report released on Monday morning, Marketbeat Ratings reports.

JHX has been the subject of a number of other reports. Truist Financial raised their price objective on shares of James Hardie Industries from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Raymond James Financial set a $35.00 price target on shares of James Hardie Industries in a research report on Monday, August 10th. Robert W. Baird set a $34.00 price target on shares of James Hardie Industries in a research note on Friday, August 7th. Zacks Research upgraded shares of James Hardie Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $36.00 price objective on shares of James Hardie Industries in a report on Wednesday, September 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

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James Hardie Industries Price Performance

Shares of NYSE:JHX opened at $25.34 on Monday. The firm has a market capitalization of $14.71 billion, a PE ratio of 101.38, a PEG ratio of 2.46 and a beta of 1.77. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $31.43. The business’s 50 day moving average is $28.35 and its 200-day moving average is $24.37. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.

James Hardie Industries (NYSE:JHX – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share 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 the consensus estimate of $1.42 billion. James Hardie Industries had a net margin of 2.69% and a return on equity of 10.56%. The business’s revenue was up 63.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. Sell-side analysts predict that James Hardie Industries will post 1.24 earnings per share for the current year.

Institutional Investors Weigh In On James Hardie Industries

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in James Hardie Industries by 14.7% in the first quarter. Blue Trust Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after buying an additional 884 shares during the period. Parallel Advisors LLC boosted its holdings in James Hardie Industries by 46.5% during the first quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock worth $86,000 after buying an additional 1,439 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of James Hardie Industries during the 1st quarter worth about $28,000. Modus Advisors LLC acquired a new position in shares of James Hardie Industries during the 4th quarter worth about $31,000. Finally, Dimensional Fund Advisors LP grew its position in shares of James Hardie Industries by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,788 shares of the construction company’s stock worth $3,205,000 after buying an additional 1,721 shares during the period. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Company Profile

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James Hardie Industries plc is a building materials company that manufactures and markets fiber cement and fiber gypsum products. Its products are used primarily in residential and commercial construction, including exterior siding, trim, soffits, backer board, and interior wall and flooring applications.

The company sells products under brands that include Hardie, HardiePlank, HardiePanel, and HardieBacker. Its fiber cement products are designed to provide durability and resistance to moisture, fire, pests, and weathering, serving builders, contractors, architects, and homeowners.

James Hardie traces its origins to Australia in the late 19th century and has since expanded into an international building products company.