James Hardie Faces Class Action Lawsuit Over Misleading Statements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Lawsuit Background: James Hardie is facing a class action lawsuit for failing to disclose weakening demand in its North America Fiber Cement segment during the period from May 20 to August 18, 2025, resulting in significant investor losses.
- Misleading Statements: Despite knowing about the declining demand, the company falsely claimed that demand remained strong and inventory levels were normal, misleading investors and causing a crisis of trust.
- Sales Decline: On August 19, 2025, James Hardie revealed a 12% sales decline in the segment and warned of continued weakness, further undermining market confidence in the company.
- Stock Price Impact: Following this news, the company's share price plummeted by over 34%, directly affecting investors' asset values and reflecting a pessimistic outlook on the company's future prospects.
JHX
$20.8+Infinity%1D
Analyst Views on JHX
Wall Street analysts forecast JHX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JHX is 25.19 USD with a low forecast of 21.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 20.780
Low
21.00
Averages
25.19
High
30.00
Current: 20.780
Low
21.00
Averages
25.19
High
30.00
About JHX
James Hardie Industries plc is an Ireland-based company, which is engaged in providing exterior home and outdoor living solutions, with a portfolio that includes fiber cement, fiber gypsum, and composite and PVC decking and railing products. The Company's segments include North America Fiber Cement, Asia Pacific Fiber Cement and Europe Building Products. The Company's North America Fiber Cement segment manufactures fiber cement interior linings, exterior siding products and related accessories in the United States and these products are sold in the United States and Canada. The Company's Asia Pacific Fiber Cement segment includes fiber cement products manufactured in Australia and sold in Australia and New Zealand. Its Europe Building Products segment includes fiber gypsum products manufactured in Europe, and fiber cement products manufactured in the United States that are sold in Europe. The Company’s brands include Hardie, TimberTech, AZEK Exteriors, Versatex, fermacell and StruXure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
