James Hardie Faces Class Action Lawsuit Over Securities Fraud Allegations
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: Dec 01 20250mins
- Lawsuit Background: James Hardie allegedly failed to disclose between May 20 and August 18, 2025, that sales in its largest business segment were experiencing inventory loading by channel partners, indicative of fraudulent channel stuffing, which misled investors regarding the company's business health.
- Investor Losses: Affected investors are urged to contact the Law Offices of Howard G. Smith by December 23, 2025, to participate in the ongoing securities fraud class action lawsuit, seeking legal recourse for their losses.
- Legal Proceedings: The lawsuit claims that James Hardie's executives misrepresented the company's operational status and prospects during a critical period, potentially leading investors to make uninformed investment decisions, thereby impacting the company's reputation and stock price.
- Potential Impact: Should the lawsuit succeed, it could significantly affect James Hardie's financial standing, further eroding investor confidence and leading to a decline in stock price, highlighting deficiencies in the company's transparency and compliance practices.
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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: 19.980
Low
21.00
Averages
25.19
High
30.00
Current: 19.980
Low
21.00
Averages
25.19
High
30.00
Barclays
Equal Weight
initiated
$21
2025-12-08
New
Reason
Barclays
Price Target
$21
2025-12-08
New
initiated
Equal Weight
Reason
Barclays initiated coverage of James Hardie with an Equal Weight rating and $21 price target. The firm says the premium siding category is "uniquely attractive" with long-term material conversion driving outgrowth. It prefers P Building Solutions on a relative basis.
Vertical Research
Adam Baumgarten
Hold
to
Buy
upgrade
$21
2025-11-19
Reason
Vertical Research
Adam Baumgarten
Price Target
$21
2025-11-19
upgrade
Hold
to
Buy
Reason
Vertical Research analyst Adam Baumgarten upgraded James Hardie to Buy from Hold with a $21 price target.
Baird
Outperform
downgrade
$28 -> $26
2025-11-19
Reason
Baird
Price Target
$28 -> $26
2025-11-19
downgrade
Outperform
Reason
Baird lowered the firm's price target on James Hardie to $26 from $28 and keeps an Outperform rating on the shares. The firm updated its model following Q2 results and noted its outlook is a step in the right direction.
Citi
Neutral -> Buy
upgrade
$33
2025-11-04
Reason
Citi
Price Target
$33
2025-11-04
upgrade
Neutral -> Buy
Reason
Citi upgraded James Hardie to Buy from Neutral with a price target of A$36.50, up from A$33. The firm sees an attractive risk/reward at current share levels as it believes the company is on pace to beat fiscal 2026 expectations. Citi views James Hardie's risks as manageable and is "cautiously optimistic" on the housing market.
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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
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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.
Sigh Up to Get Intellectia Insights
What led to the 12% sales decline in James Hardie's segment?
Why did James Hardie fail to disclose inventory destocking earlier?
How will the class action lawsuit impact James Hardie's stock price long-term?
What are the chances of investors recovering losses through the lawsuit?