2024-04-25 23:18:29 ET
Summary
- James Hardie Industries' past financial results have shown consistent net sales growth. Additionally, it has maintained its margins through selling higher-margin products and lean manufacturing processes.
- In 3Q24, the Company's net sales increased by 14% year-over-year, driven by growth in all sales segments. Furthermore, its margins remained robust year-over-year as well.
- Although the outlook for single-family starts is positive, the weakness in multi-family starts will offset some of the strength.
- With a lack of margin of safety in its share price, I recommend a hold rating for JHX.
Synopsis
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James Hardie Industries: Mixed Housing Outlook And A Lack Of Margin Of Safety