Q1 sharp decline in profits coupled with the property market cold spell in North America, building materials manufacturer James Hardie (JHX.US) plunged more than 30% in two days.

Intelligence Finance App learned that Australian building materials manufacturer James Hardie Industries Plc has been facing headwinds recently, with its stock price plummeting for the second consecutive day. This week, the company's first-quarter performance was below expectations, and concerns about the U.S. housing market intensified, leading analysts to lower their target price.