James Hardie Industries (NYSE:JHX) Stock Rated Buy in New Coverage at Melius Research

Posted by George Bondi on Oct 9th, 2026

Melius Research initiated coverage on shares of James Hardie Industries (NYSE:JHX – Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $36.00 price target on the construction company’s stock.

Several other brokerages have also issued reports on JHX. Zacks Research upgraded James Hardie Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Truist Financial lifted 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 note on Friday, August 7th. Raymond James Financial set a $35.00 price target on shares of James Hardie Industries in a report on Monday, August 10th. Stephens increased their price objective on shares of James Hardie Industries from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Oppenheimer restated an “outperform” rating and set a $36.00 price objective on shares of James Hardie Industries in a report on Wednesday, September 16th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, James Hardie Industries has a consensus rating of “Moderate Buy” and a consensus price target of $34.11.

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James Hardie Industries Stock Performance

JHX stock opened at $25.15 on Tuesday. The business’s 50-day moving average price is $28.19 and its two-hundred day moving average price is $24.59. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The firm has a market cap of $14.59 billion, a PE ratio of 100.58, a P/E/G ratio of 2.41 and a beta of 1.79. James Hardie Industries has a 1-year low of $16.46 and a 1-year high of $31.43.

James Hardie Industries (NYSE:JHX – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. James Hardie Industries had a return on equity of 10.56% and a net margin of 2.69%.The company’s revenue for the quarter was up 63.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. As a group, research analysts forecast that James Hardie Industries will post 1.24 earnings per share for the current 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. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in James Hardie Industries during the 1st quarter worth approximately $28,000. MidFirst Bank acquired a new stake in shares of James Hardie Industries in the fourth quarter valued at approximately $65,000. GAMMA Investing LLC lifted its position in shares of James Hardie Industries by 21.9% in the third quarter. GAMMA Investing LLC now owns 4,384 shares of the construction company’s stock worth $111,000 after purchasing an additional 787 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of James Hardie Industries by 46.5% in the first quarter. Parallel Advisors LLC now owns 4,532 shares of the construction company’s stock worth $86,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in James Hardie Industries during the second quarter worth $131,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

About James Hardie Industries

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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.