JHX Should I Buy
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James Hardie Industries PLC (JHX) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock shows strong technical indicators, positive analyst sentiment, and hedge fund buying activity. Despite some financial performance concerns, the company's growth potential and raised guidance outweigh the risks.
The stock exhibits bullish technical indicators: MACD is positive and expanding, RSI is neutral at 74.418, and moving averages are in a bullish alignment (SMA_5 > SMA_20 > SMA_200). The stock is trading above key pivot levels, with resistance at R1: 26.481 and R2: 27.589.
Raised FY26 EBITDA guidance.
Hedge funds are increasing their positions significantly (224.32% increase in buying).
Analysts have upgraded the stock with higher price targets, citing strong execution, cost synergies, and growth potential.
Q3 revenue increased by 30.05% YoY, reflecting strong topline growth.
Net income dropped by 51.52% YoY in Q3
EPS decreased by 63.64% YoY, and gross margin contracted by 4.92%.
In Q3 FY26, revenue grew by 30.05% YoY to $1.24 billion, but net income declined by 51.52% to $68.7 million. EPS dropped to $0.12, down 63.64% YoY, and gross margin fell to 36.15%. Despite these declines, the company raised its FY26 EBITDA guidance, reflecting confidence in future performance.
Analysts are bullish on JHX. Baird, JPMorgan, and Truist raised price targets and reiterated Buy/Outperform ratings, citing strong Q3 results, cost synergies, and growth potential. JPMorgan projects 22% earnings growth in fiscal 2027 and 2028, emphasizing that positives outweigh risks.
