James Hardie combines industry-leading revenue growth of 44% with exceptional free cash flow conversion at 356% of net income and a Piotroski score of 8 out of 9, but the stock trades above its near-term target at overbought levels with an extreme options put/call ratio of 17.33 and a high-concentration supplier dependency.
Thesis pillars
- Single Supplier Concentration Risk→Stable
- Overbought Above Resistance Target→Stable
- Industry Leading 44pct Revenue Growth→Stable
- +1 more pillar — see the Why tab for full reasoning
James Hardie Industries plc. (JHX) Stock Analysis
Breakout setup
Basic Materials · Building Materials
Sell if holding. Analyst target reached at $25.81 — A.R:R is negative (-0.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: single capped compounds supplier.
James Hardie Industries manufactures fiber cement siding, composite and PVC decking (TimberTech/AZEK brands), and fiber gypsum boards across four segments serving residential construction and outdoor living markets in North America, Australia, and Europe. Products are sold... Read more
Sell if holding. Analyst target reached at $25.81 — A.R:R is negative (-0.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: single capped compounds supplier. Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Score 5.0/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 45d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About James Hardie Industries plc.
About James Hardie Industries plc.
James Hardie Industries operates 32 active manufacturing and recycling facilities across the United States, Europe, and Australia, producing fiber cement siding, composite decking, and fiber gypsum boards for residential new construction, repair and remodel, and outdoor living end-markets. The July 1, 2025 acquisition of AZEK added TimberTech, AZEK Exteriors, and Versatex brands to the portfolio. Key raw materials include cellulose fiber, silica, cement, and polyethylene and PVC resins — inputs subject to price and availability risk from global supply chain conditions.
James Hardie generates revenue from four segments: Siding & Trim (fiber cement planks, trim, and PVC products sold through specialty distributors, lumberyards, and home centers in the U.S. and Canada under Hardie and AZEK Exteriors brands); Deck, Rail & Accessories (composite and PVC decking under TimberTech sold primarily in North America); Australia & New Zealand (fiber cement under the Hardie brand for residential construction); and Europe (fiber gypsum boards under the fermacell brand plus fiber cement). The largest customer accounted for approximately 11% of net sales for the year ended March 31, 2026, the only customer above the 10% threshold. Raw material supplier contracts are typically short-term, ranging from one to three years; the company does not rely on a single supplier for the majority of materials but does rely on a single supplier for critical capped compounds used in decking and railing products, with no redundant supply arrangement in place. Competition in North America includes vinyl, engineered wood, stucco, masonry, and other fiber cement and wood-alternative decking manufacturers.
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The most specific supply chain exposure disclosed in the 10-K is James Hardie's reliance on a single supplier for critical capped compounds used in its decking and railing products, with no redundant or second-source supply arrangements in place. Separately, the ongoing AZEK integration — completed July 1, 2025 — may not achieve expected targets on the anticipated timeline; the 10-K states the integration "has required and will continue to require significant management attention." These two factors — a single-source compound input and a complex post-acquisition integration — could weigh on the Deck, Rail & Accessories segment's production continuity and margin profile if either disruption materializes.
See also: Basic Materials · Building Materials
From James Hardie Industries plc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-07-06Recent Developments — James Hardie Industries plc.
Latest news
- NEWS James Hardie Industries plc stock (AU000000JHX1): Q4 earnings highlight growth and leverage after AZ - AD HOC NEWS — AD HOC NEWS positive
- NEWS James Hardie (ASX:JHX) Reports Higher Sales As Profit Softens Following AZEK Integration - Kalkine Media — Kalkine Media neutral
- NEWS James Hardie shares tumble on FY26 profit crunch - The Motley Fool Australia — The Motley Fool Australia negative
- NEWS James Hardie Industries (NYSE:JHX) Stock Price Down 5.7% - Here's Why - MarketBeat — MarketBeat negative
- NEWS James Hardie Industries plc stock (AU000000JHX1): Recent price drop highlights volatility - AD HOC NEWS — AD HOC NEWS negative
Generated 2026-07-06T05:40:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerlargest customer11%10-K Item 1A: 'Our largest customer accounted for approximately 11% of our net sales for the year ended March 31, 2026'
- HIGHSuppliersingle capped compounds supplier10-K Item 1A: 'we do rely on a single supplier for certain critical capped compounds ... We do not currently have arrangements in place for a redundant or second-source supply'
Material Events(8-K, last 90d)
- 2026-05-15Item 5.02LOWRob Sindel appointed independent Class II director effective June 1, 2026, added to Nominating and Governance Committee. Persio Lisboa resigned from the Board effective May 14, 2026; no disagreement with company or Board cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $25.81 — A.R:R is negative (-0.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: single capped compounds supplier. Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Prior stop was $24.00. Score 5.0/10, moderate confidence.
Take-profit target: $26.17 (+1.4% upside). Prior stop was $24.00. Stop-loss: $24.00.
Concentration risk — Supplier: single capped compounds supplier; Analyst target reached - limited upside remaining.
James Hardie Industries plc. trades at a P/E of 135.8 (forward 15.0). TrendMatrix value score: 5.0/10. Verdict: Sell.
17 analysts cover JHX with a consensus score of 4.0/5. Average price target: $28.
What does James Hardie Industries plc. do?James Hardie Industries manufactures fiber cement siding, composite and PVC decking (TimberTech/AZEK brands), and fiber...
James Hardie Industries manufactures fiber cement siding, composite and PVC decking (TimberTech/AZEK brands), and fiber gypsum boards across four segments serving residential construction and outdoor living markets in North America, Australia, and Europe. Products are sold through distributors and home centers to contractors and builders; the largest customer represented approximately 11% of net sales for fiscal year ended March 31, 2026.