In a report released today, Shaurya Visen from Bank of America Securities maintained a Buy rating on James Hardie, with a price target of A$40.25.
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Shaurya Visen has given his Buy rating due to a combination of factors, primarily focusing on James Hardie’s improved financial guidance and market positioning. The company has raised its FY26 EBITDA guidance to a range of $1.20 to $1.25 billion, surpassing both previous estimates and consensus expectations. This positive adjustment is attributed to more stable market conditions and normalized inventory levels in key product segments like siding and trim, which have led to an upgraded sales forecast.
Additionally, Shaurya Visen highlights James Hardie’s strategic exposure to significant structural trends in the U.S. building products sector. These include the aging housing stock, which is likely to drive repair and remodel activities, and the ongoing shift towards product conversion. The company’s valuation metrics, such as the price-to-earnings ratio, also support the Buy rating, as they suggest a favorable investment opportunity relative to historical and peer benchmarks.
In another report released today, Citi also maintained a Buy rating on the stock with a A$36.50 price target.
Based on the recent corporate insider activity of 38 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.