A securities class action has been filed in the USDC – N.D.IL. against James Hardie Industries plc. (JHX) (“James Hardie” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired James Hardie common stock (previously American Depositary Shares until their conversion to common stock on July 1, 2025) between May 20, 2025, and August 184, 2025, both dates inclusive (the “Class Period”).
James Hardie provides exterior home and outdoor living solutions and markets itself as the number one producer of high-performance fiber cement building solutions in the United States. The Company’s business segments include North America Fiber Cement, Asia Pacific Fiber Cement and Europe Building Products. North America Fiber Cement generates about 80% of the Company’s earnings.
The Complaint alleges that the Defendants misled investors about the strength of its key North America Fiber Cement segment during the Class Period. Despite knowing by April and early May that distributors were destocking inventory, the company falsely claimed demand remained strong and that stock levels were “normal.” On August 19, 2025, James Hardie disclosed a 12% sales decline in the segment, attributing it to “normalization of channel inventories,” and warned of continued weakness.
Following this revelation, the company’s share price fell more than 34%, causing significant investor losses.
If you purchased James Hardie common stock during the Class Period, and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.