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JHX - Why Shares in James Hardie Declined This Week
James Hardie Industries plc American Depositary Shares
2024-05-24 10:09:39 ET
Shares in James Hardie Industries (NYSE: JHX) declined 15.1% in the week through Friday morning. The negative result came when the fiber cement siding and fiber gypsum company reported disappointing fourth-quarter earnings.
The move is particularly notable because it contrasts the stock price move of its engineered wood siding and oriented strand board (OSB) rival Louisana-Pacific (NYSE: LPX) .