In a report released yesterday, Shaurya Visen from Bank of America Securities reiterated a Buy rating on James Hardie, with a price target of A$38.20.
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Shaurya Visen has given his Buy rating due to a combination of factors including resilient operating performance and attractive valuation. James Hardie delivered a robust fourth quarter, with EBITDA modestly ahead of market expectations, and introduced fiscal 2027 guidance that, while incorporating cost inflation from freight and production, still points to solid profitability and over $500 million in projected free cash flow.
Visen also emphasizes the company’s structural growth runway in fiber cement, supported by material share gains in U.S. housing, underpenetrated repair-and-remodel regions, and product innovations that lower installation complexity and costs. Even after revising his price objective to A$38.20 to reflect updated estimates, he views the shares as offering favorable risk-reward, especially given their position near the low end of the historical trading range and exposure to long-term themes in renovation and product conversion toward fiber cement and composites.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a A$44.00 price target.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JHIUF in relation to earlier this year.