James Hardie Industries plc (JHX) Fell Following the Results

Fred Alger Management, an investment management company, released its “Alger Spectra Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets continued their upward trajectory in the third quarter, with the S&P 500 Index rising 8.12%. A combination of improving economic conditions, solid corporate earnings, and growing expectations for monetary easing drove the strong performance. Against this backdrop, Class A shares of the Fund outperformed the Russell 3000 Growth Index during the third quarter of 2025. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Alger Spectra Fund highlighted stocks such as James Hardie Industries plc (NYSE:JHX). Based in Dublin, Ireland, James Hardie Industries plc (NYSE:JHX) manufactures and supplies fiber cement, fiber gypsum, and cement-bonded building products. The one-month return of James Hardie Industries plc (NYSE:JHX) was -22.36%, and its shares lost 45.27% of their value over the last 52 weeks. On November 10, 2025, James Hardie Industries plc (NYSE:JHX) stock closed at $17.40 per share, with a market capitalization of $10.079 billion.

Alger Spectra Fund stated the following regarding James Hardie Industries plc (NYSE:JHX) in its third quarter 2025 investor letter:

“James Hardie Industries plc (NYSE:JHX) is a global leader in exterior building materials, best known for fiber-cement siding, trim and related products across North America, APAC and Europe. The company offers a broad portfolio spanning siding, decking, railing and pergolas under a unified platform. During the quarter, shares declined after management delivered fiscal first-quarter results that disappointed investors and signaled a more cautious outlook. The company highlighted softer housing demand, ongoing affordability challenges, and the need to work through elevated channel inventories.”

James Hardie (JHX) Jumps 7% as Analyst Turns Bullish

James Hardie Industries plc (NYSE:JHX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 32 hedge fund portfolios held James Hardie Industries plc (NYSE:JHX) at the end of the second quarter, up from 12 in the previous quarter.  While we acknowledge the risk and potential of James Hardie Industries plc (NYSE:JHX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than James Hardie Industries plc (NYSE:JHX) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered James Hardie Industries plc (NYSE:JHX) and shared Aristotle Capital Small/Mid Cap Equity Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.