Alert: Positive Investment/Fundamental Signals (11/15/23)-James Hardie Industries Plc (NYSE: JHX)


James Hardie Industries Plc (NYSE: JHX) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.

Recent meaningful positive changes in fundamentals have benefitted James Hardie Industries Plc (NYSE: JHX): the consensus estimate for March, 2024 increased significantly, and the consensus estimate for March, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

JHX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

James Hardie Industries has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. James Hardie Industries has a slightly negative Appreciation Score of 39 but a very high Power Rating of 100, with the Positive Value Trend Rating the result.

Recent Price Action

James Hardie Industries Plc (NYSE: JHX) stock rose slightly by 0.3% on 11/15/23. The stock closed at $30.96. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.7% during the last week.

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