Why Shares in James Hardie Declined This Week
James Hardie(JHX) fool.com·2024-05-24 22:09
The house-building product company's addressable end market is getting weaker.Shares in James Hardie Industries (JHX 0.32%) 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.A value opportunity?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 (LPX 0.12%). The difference in ...