Aristotle Capital boosted James Hardie, citing its fiber cement focus and AZEK acquisition, despite a 34% yearly decline.

Aristotle Capital highlighted James Hardie Industries (JHX) in its Q3 2025 letter, citing the company’s focus on fiber cement and gypsum products for residential construction. The firm noted JHX’s acquisition of The AZEK Company’s portfolio as a strategic boost to its market position. Despite a 4.18% one-month gain, JHX fell 34.06% over the past year, closing at $20.93 on October 31, 2025, with a $12.122 billion market cap. The fund’s net return was 2.57% for the quarter, lagging the Russell 2500’s 9.00% return, but JHX remains a key holding, reflecting long-term confidence amid short-term volatility.