21/06/2022 09:22

James Hardie Industries Plc (JHX) $29.67

Buildings materials company JHX has halved in 2022 and it continues to make fresh 52-week lows impersonating a tech stock in the naughty coroner &/or a classic case of hero to villain story in a very short space of time. The drop is starting to feel overdone but while investors believe a recession is just around the corner, it feels early to be chasing JHX and the sector in general i.e. MM is looking for an opportunity to switch our CSR position as opposed to increasing it at this stage.

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20/05/2022 09:18

James Hardie Plc (JHX) $36.37

Building stocks have been a tough place to be invested over the last fortnight with CSR Ltd (CSR), Boral Ltd (BLD) and now James Hardie Plc (JHX) all underperforming in an already weak market. JHX initially rallied on Wednesday following a broker upgrade by Morgan Stanley but the advance was short-lived with the stock dropping -5.5% yesterday. The company delivered a 36% lift in net profit for the FY22 to $US620mn..

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17/05/2022 17:11

James Hardie (JHX) $37.50

JHX -3.47%: The building products company reported FY22 results today that were in line with expectations, however, it seemed that momentum tapered off in Q4 with weaker than expected earnings and margins in the final 3 months of the year, and that caused them to maintain (rather than upgrade) FY23 guidance. The market had become bullish on JHX earnings and was factoring in greater momentum given strength...

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12/04/2022 09:43

James Hardie (JHX) $39.78

The manufacturer of building products generates over 70% of its sales from North America and despite having upgraded FY22 guidance in February the stock finds itself plumbing new 52 week lows, down ~30%. Concern around the impact of rising interest rates on building product demand is one issue, however, they’re also undertaking large capital works at a number of...

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10/08/2021 15:37

James Hardie (JHX) $49.42

JHX +3.11%: Rallied today on the back of their Q1 update which was solid plus they increased FY22 guidance.

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10/08/2021 09:29

Reporting Today (CGF, CPU, CRN, JHX, MP1)

Companies reporting today on MM’s radar:

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19/05/2021 09:24

James Hardie (JHX) $40.20

JHX surrendered 4.5% of its recent strong gains after posting its 4th quarter update, on the day it appeared a classic case of a good announcement but the bullish market expected more.

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27/04/2021 09:21

James Hardie (JHX) $43.93

Sydney based JHX continues to expand its product offering into the US, a market its very successfully navigated since the GFC, they are even lifting margins in their North American business.

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26/03/2021 09:15

James Hardie (JHX) $38.88

Lastly the sectors top performer JHX which has a substantial exposure to the US market.

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