James Hardie Industries Poised for Growth Despite Housing Slowdown
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James Hardie Industries (JHX) has gained market share in fiber cement siding and building products, driving strong financial results.
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Despite slower volumes, higher pricing helped boost Q2 earnings and margins. JHX sees stable trends for Q3.
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Bullish outlook based on continued market share gains, even as housing market slows. Consensus forecasts call for earnings growth.
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Attractive valuation at 19x forward P/E. Stock price breaking out to highest level since early 2022.
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Risks include further housing market deterioration or weaker-than-expected demand trends. Key monitoring points are volume and margins.