Tag: ASX:JHX

James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.

James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.

The price range for a reversal in price action remains wide at $33 to $39.

James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.

The price range for a reversal in price action remains wide at $33 to $39.

James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.

The price range for a reversal in price action remains wide at $33 to $39.

James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.

The price range for a reversal in price action remains wide at $33 to $39.

James Hardie Industries was added to our model portfolio last month and is now up 13.5%

FY22 Guidance range has been upgraded from USD550-590m to USD580-600m.

After 20% growth into FY22 and FY23 analysts are forecasting slower growth of 10% in FY24. The stock trades on a forward yield into FY23 of 2.5% and a forward PE of 25x earnings

James Hardie Industries was added to our model portfolio on 12 October and is now up 14.6%.

James Hardie Industries is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $55.00.

James Hardie Industries FY21 profit guidance now stands at $US330m-$US390m. June quarter earnings were flat on the same time last year.

James Hardie Industries is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

JHX will report FY20 earnings tomorrow and previous guidance of $350m to $355m was provided on the 5th May.

The weak demand environment ahead for new residential construction will likely weigh on earnings. The fall in the share price from $33 to $21 allows for these headwinds and a discounted valuation argument builds for both JHX and BLD.

Note: James Hardie has suspended the payment of dividends.