James Hardie's ASX shares rebound as brokerages see stabilisation, Q4 better than feared

James Hardie Industries

21/05/2026 04:52

adds share moves and comments from another brokerage

** Australian shares of James Hardie JHX.AX bounce back, rising 8.6% to A$28.83, to hit their highest point since May 11

** The fibre-cement maker forecast annual earnings below market expectations on Wednesday while also reporting a fall in 2026 adjusted net income fell to $595.7; shares fell as much as 5.1%, closing 0.9% lower on May 20

** Morgan Stanley says fourth-quarter results came in "better than feared"

** Citi keeps "buy", calling results broadly "solid", and saying JHX appears to be stabilising ahead of a potential housing market recovery, even as it trimmed its price target to A$36.50 per share, citing higher depreciation and interest charges that weigh on NPAT

** Citi flags Siding & Trim segment as the standout, says drag came from the Deck, Railing & Accessories, where weather-related issues saw 1Q27 guidance land at $78-82 million, roughly $20 million below Visible Alpha consensus

** Stock down 7% so far this year

 (Reporting by Rajasik Mukherjee & Shruti Agarwal  in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))