Baird Cuts James Hardie Industries (JHX) Price Target to $32

Baird has reiterated its Outperform rating on James Hardie Industries with a new price target of $32.00, a 25.17% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:25 PM EDT

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Baird cut its price target on James Hardie Industries plc ($JHX) to $32 from $34 on October 13, 2026, and rates the stock "Outperform".

Since the rating, $JHX is up 4.7% to date (from the $24.67 close on Oct 13, 2026).

JHX James Hardie Industries plc

$25.82 +24.07% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Baird reiterated its Outperform rating on James Hardie Industries (JHX) and set a new price target of $32.00, down from $34.00.
Baird's $32 price target implies 25.17% upside from James Hardie Industries plc's ($JHX) current $25.57 share price.
The stock is currently trading around $25.57, which is about 20.1% below Baird's target.
James Hardie has a trailing twelve-month revenue of approximately $5.41 billion and is expected to report earnings on November 5, 2026.

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Baird has reiterated its Outperform rating on James Hardie Industries plc (JHX) with a new price target of $32.00 on October 13, 2026, down from the previous target of $34.00. The stock is currently trading around $25.57, which is about 20.1% below the target price set by Baird.

Other Institutional Activity in James Hardie Industries

Wellington Management Group, LLP trimmed its holdings by 11,959,306 shares, ending with 40,841,163 shares valued at about $1.05 billion. FMR, LLC increased its position by 6,535,438 shares, bringing its total to 37,790,521 shares worth approximately $975.8 million. D1 Capital Partners, LP reduced its stake by 755,641 shares, resulting in 27,545,516 shares valued at about $711.2 million. Millennium Management LLC added 10,715,951 shares, growing its total to 14,088,186 shares worth around $363.8 million. Invesco Ltd. also increased its holdings by 5,956,895 shares, totaling 11,913,790 shares valued at about $307.6 million.

James Hardie Industries plc Stock Down 1.0%

James Hardie Industries is currently trading below its analyst target, with a recent price of $25.57. This price reflects a significant gap to Baird's target of $32.00. The company operates in the building materials industry and is known for its fiber cement products.

12-month forecast

$JHX price target

James Hardie Industries plc daily closes and this analyst's $32 target. Not advice.

Recent Earnings

James Hardie reported a trailing twelve-month revenue of about $5.41 billion, with a net margin of 2.7% and a return on equity of 3.3%. The company is scheduled to announce its next earnings results on November 5, 2026.

Analysts Set New Price Targets

On October 13, 2026, Baird maintained its Outperform rating on James Hardie with a revised price target of $32.00. Earlier, on September 14, 2026, Loop Capital initiated coverage with a Buy rating and a target of $35.00. Oppenheimer also reiterated its Outperform rating with a target of $36.00 on September 16, 2026, while Citigroup downgraded the stock to Neutral on September 28, 2026.

About James Hardie Industries

James Hardie Industries plc is based in Dublin, Ireland, and specializes in manufacturing and selling fiber cement products. It operates in various regions, including the United States, Australia, Europe, and New Zealand, focusing on building materials for construction.

Bottom Line

Investors should watch for the upcoming earnings report on November 5, 2026, as well as any further analyst updates. Baird's current price target reflects a cautious outlook amid recent market activity.