LEAD PLAINTIFF DEADLINE IS DECEMBER 23, 2025.
If you have suffered losses and would like to discuss your rights, please fill out this form or you may contact Jonathan Naji, Esq. at (484) 270-1453 or via e-mail at info@ktmc.com.
Case Background:
A class action lawsuit was filed on behalf of those who purchased or otherwise acquired James Hardie Industries plc ("James Hardie") (NYSE: JHX) common stock between May 20, 2025 and August 18, 2025, inclusive (the “Class Period”).
James Hardie designs and manufactures a wide range of fiber cement building products, with manufacturing plants in both the United States and Australia. In the United States and Canada, James Hardie’s largest application for fiber cement building products is in external siding for the residential building industry. In North America, James Hardie sells its exterior fiber cement products for repair, remodel, and new residential construction to distributors, who then sell the products to dealers or lumber yards. James Hardie’s interior fiber cement products in North America are typically sold through large home center retailers and specialist distributors or dealers. These products are distributed primarily by road, but also to a lesser extent by rail. James Hardie’s direct customers are distributors and dealers, but to increase demand, it markets directly to end-users, including homeowners, architects, builders, and contractors.
The Class Period begins on May 20, 2025, when James Hardie held an earnings call with analysts and investors about its reported financial results for its fiscal 2025 fourth quarter. On the call, James Hardie’s management spoke confidently about the company’s North America growth, despite the challenging market environment. Likewise, during the same call, James Hardie’s management stated that the company was “seeing normal stock levels out there just as a general statement” and touted the performance of James Hardie’s sales team in its North America segment, including that “the size and strength of our sales force and the alignment with our customer sales teams underscores our supreme confidence in achieving our commercial synergy commitments.”
On August 19, 2025, James Hardie revealed that its North American Fiber Cement sales declined 12% during the quarter, driven by destocking first discovered “in April through May” as customers “made efforts to return to more normal inventory levels[.]” James Hardie also revealed that significant inventory destocking was expected to continue to impact sales for the next several quarters.
On this news, the price of James Hardie stock fell $9.79 per share, or more than 34%, from a close of $28.43 per share on August 19, 2025, to close at $18.64 per share on August 20, 2025.
What is a Lead Plaintiff?
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.