Why James Hardie Industries PLC (JHX) Surged On Thursday

We recently published a list of While Wall Street Naps, These 10 Stocks Run Wild. In this article, we are going to take a look at where James Hardie Industries PLC (NYSE:JHX) stands against other best-performing stocks.

James Hardie snapped a six-day losing streak on Thursday, adding 4.26 percent to close at $23.01 apiece as investors resorted to bargain-hunting to take advantage of the previous dips.

In recent news, James Hardie Industries PLC (NYSE:JHX) announced a 22 percent lower net income in the fourth quarter of fiscal year 2025, at $43.6 million from the $55.6 million registered in the same period last year.

Why James Hardie Industries PLC (JHX) Surged On Thursday

A close-up of a house with its exterior siding made from the company’s fiber cement building materials.

Net sales dipped by 3 percent to $971.5 million from $1.005 billion year-on-year.

For the full year period, net income dropped by 17 percent to $424 million from $510.2 million, while net sales dipped by 1 percent to $3.877 billion from $3.936 billion.

James Hardie Industries PLC (NYSE:JHX) also posted a cautious outlook for fiscal year 2026 amid the potential impact of the trade tariffs on the cost of home construction.

“As a result, in North America, which represents approximately three-quarters of our total net sales, we are prudently planning for market volumes to contract in FY26, including a fourth consecutive year of declines in large-ticket repair & remodel activity,” said James Hardie Industries PLC (NYSE:JHX) CEO Aaron Erter.

Overall, JHX ranks 8th on our list of best-performing stocks. While we acknowledge the potential of JHX, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JHX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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