James Hardie Announces Change in Substantial Shareholding

Story Highlights
  • James Hardie operates in the building materials industry, focusing on fiber cement products.
  • Challenger Limited reduced its shareholding in James Hardie from 3.5876% to 2.5618%.
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James Hardie Announces Change in Substantial Shareholding

James Hardie ( (AU:JHX) ) has shared an update.

James Hardie Industries has announced a change in the substantial holding of its shares, as reported to the Australian Securities Exchange. Challenger Limited, through its subsidiary Fidante Partners Limited, has reduced its shareholding in James Hardie from 3.5876% to 2.5618%. This change in shareholding could impact the company’s market dynamics and investor relations.

More about James Hardie

James Hardie Industries plc is a company incorporated in Ireland, primarily operating in the building materials industry. The company is known for its production of fiber cement products, which are used in various construction applications, and it has a significant market presence in the USA, Australia, and other regions.

YTD Price Performance: -14.60%

Average Trading Volume: 56,849

Technical Sentiment Signal: Buy

Current Market Cap: $10.48B

Find detailed analytics on JHX stock on TipRanks’ Stock Analysis page.

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