James Hardie Surges to 290th Most Traded Stock with $310 Million Turnover Amid AZEK Merger

On June 27, 2025, James Hardie (JHX) saw a significant surge in trading volume, with a turnover of $310 million, marking an impressive 118.57% increase from the previous day. This substantial rise in trading volume positioned JHX as the 290th most traded stock of the day. Additionally, JHX's stock price increased by 7.10%, marking its fifth consecutive day of gains and a total increase of 15.19% over the past five days.

The strategic merger between AZEK and James Hardie, valued at $8.75 billion, is set to combine AZEK's innovative outdoor living products with James Hardie's expertise in fiber cement building materials. This merger aims to create a powerful synergy that leverages the strengths of both companies, potentially enhancing their market position and growth prospects.

Under the terms of the merger agreement, AZEK stockholders will receive $26.45 in cash upon the completion of the transaction. This move is seen as a strategic play that could significantly boost James Hardie's market presence and operational efficiency.

William Blair initiated coverage of James Hardie with an Outperform rating, highlighting the company's leadership in the siding and composite decking categories. The firm believes that the acquisition of AZEK will create one of the fastest-growing and highest-margin building products franchises, with long-term sales growth of 10%-12% and EBITDA growth of 12%-15%. The firm sees over 30% upside in the shares to $33.

James Hardie's acquisition of AZEK is expected to enhance its growth trajectory and improve its margins, positioning it as one of the fastest-growing franchises in the building products industry. The merger is seen as a strategic move that could significantly boost the company's market presence and operational efficiency.