William Blair analyst Ryan Merkel has maintained their bullish stance on JHX stock, giving a Buy rating on October 30.
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Ryan Merkel has given his Buy rating due to a combination of factors that suggest a positive outlook for James Hardie Industries PLC. The company has raised its fiscal 2026 guidance, surpassing market expectations, which is likely to boost investor confidence. The third-quarter EBITDA guidance is notably higher than anticipated, indicating strong financial performance.
Furthermore, the company is benefiting from synergies and cost efficiencies, particularly in the area of material conversion and fiber cement product installations. Despite some challenges in the market, such as declining trends in the South, the overall sales performance has been better than expected. Additionally, the company’s decking, railing, and accessories segment has shown robust sell-through and strong EBITDA margins, further supporting the positive outlook. These factors collectively contribute to Ryan Merkel’s optimistic Buy rating for the stock.