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The latest update is out from James Hardie ( (AU:JHX) ).
James Hardie Industries will close manufacturing facilities in Fontana, California, and Summerville, South Carolina, within 60 days as part of a broader effort to optimize its manufacturing footprint under the Hardie Operating System. The company will shift roughly 6% of its North American production volume from these sites to more modern plants, retain the Fontana site’s innovation and R&D functions, and expects the changes to deliver about $25 million in annualized cost savings from the first quarter of fiscal 2027, offset by one-time pre-tax charges of $40 million to $44 million mainly tied to severance, transition and facility exit costs, while reaffirming its earnings guidance for the third quarter and full fiscal year 2026.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$42.20 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 is a global leader in exterior home and outdoor living solutions, offering a portfolio that spans fiber cement, fiber gypsum, and composite and PVC decking and railing products. Its brands, including Hardie, TimberTech, AZEK Exteriors, Versatex, fermacell and StruXure, are positioned around aesthetics, durability and climate resilience, and the company markets its products across North America, Europe, Australia and New Zealand.
Average Trading Volume: 4,627,582
Technical Sentiment Signal: Sell
Current Market Cap: A$19.99B
Learn more about JHX stock on TipRanks’ Stock Analysis page.