CRH (NYSE:CRH) Reaches New 52-Week High – Here’s What Happened

Crh Plc (NYSE:CRH) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $128.25 and last traded at $127.4640, with a volume of 340235 shares trading hands. The stock had previously closed at $126.40.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research note on Monday, December 8th. Truist Financial upped their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, Wells Fargo & Company lowered their price objective on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.64.

CRH Stock Up 0.9%

The stock’s 50-day simple moving average is $117.36 and its two-hundred day simple moving average is $107.65. The company has a market capitalization of $85.50 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.05 and a beta of 1.34.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio is 22.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new position in CRH in the 2nd quarter worth $246,000. Ninety One UK Ltd increased its holdings in shares of CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after buying an additional 364,319 shares during the period. Hsbc Holdings PLC lifted its stake in shares of CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after acquiring an additional 226,602 shares during the last quarter. Advanced Portfolio Management LLC purchased a new stake in CRH during the 2nd quarter valued at about $1,148,000. Finally, Summit Securities Group LLC bought a new position in CRH during the 1st quarter worth approximately $249,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.