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An update from James Hardie ( (AU:JHX) ) is now available.
James Hardie Industries has announced a substantial holding notice related to the acquisition of shares by Wellington Management Group LLP. The acquisition involved an increase in shares from 46,294,184 to 46,745,136, reflecting a strategic move in the regular course of trading. This development could potentially impact James Hardie’s market positioning and stakeholder interests, as it indicates increased investor confidence and potential shifts in shareholder dynamics.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$37.20 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
More about James Hardie
James Hardie Industries plc is a company incorporated in Ireland, primarily operating in the building materials industry. It specializes in manufacturing fiber cement products, which are used in various construction applications, including exterior siding and interior panels. The company has a significant presence in markets such as the United States, Australia, and Europe.
Average Trading Volume: 3,528,039
Technical Sentiment Signal: Sell
Current Market Cap: A$17.33B
See more insights into JHX stock on TipRanks’ Stock Analysis page.