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James Hardie ( (AU:JHX) ) has shared an update.
James Hardie Industries has received a substantial holding notice from Morgan Stanley, which now holds a 3.40% interest in the company. This development may influence the company’s shareholder dynamics and could impact its market perception, as Morgan Stanley’s involvement suggests a notable investment interest in James Hardie’s operations.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$55.00 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 engaged in the manufacturing of building materials. It is known for its fiber cement products, which are used in various construction applications, and operates with a significant market focus in the United States and Australia.
Average Trading Volume: 3,322,879
Technical Sentiment Signal: Hold
Current Market Cap: A$18.41B
For a thorough assessment of JHX stock, go to TipRanks’ Stock Analysis page.