James Hardie (JHX) is a manufacturer of fiber cement products, which customers use in internal and external building construction as well as in the repairing and remodeling of manufactured houses. It has spread its operations primarily across the United States, Australia, New Zealand, and the Philippines. James Hardie's product line makes it a direct beneficiary of any improvement in the housing construction sector. With increasing housing construction activity in the U.S., we believe the selloff the company's stock has experienced in the past three months isn't justified.
Stock price movement
JHX Total Return Price data by YCharts
You can notice a sharp decline in James Hardie's stock price beginning in mid-May when it released its financial results for...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|