CRH (NYSE:CRH) Releases Earnings Results, Beats Estimates By $0.27 EPS

CRH (NYSE:CRH) posted its quarterly earnings data on Wednesday. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.27, FiscalAI reports. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. CRH’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 EPS. CRH updated its FY 2025 guidance to 5.490-5.720 EPS.

CRH Stock Performance

Shares of CRH stock traded down $1.77 during mid-day trading on Friday, reaching $113.01. The company’s stock had a trading volume of 4,090,235 shares, compared to its average volume of 5,109,999. The firm’s 50-day moving average is $115.75 and its two-hundred day moving average is $103.40. The company has a market cap of $76.02 billion, a P/E ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32. CRH has a 1-year low of $76.75 and a 1-year high of $121.99.

CRH Announces Dividend

The firm 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. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH’s payout ratio is currently 23.22%.

Institutional Investors Weigh In On CRH

A number of institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in shares of CRH by 19.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,708,320 shares of the construction company’s stock worth $340,227,000 after buying an additional 613,701 shares in the last quarter. BNP Paribas Financial Markets grew its position in CRH by 150.4% in the second quarter. BNP Paribas Financial Markets now owns 785,935 shares of the construction company’s stock valued at $72,149,000 after acquiring an additional 472,054 shares during the period. Canada Pension Plan Investment Board raised its stake in CRH by 22.5% during the second quarter. Canada Pension Plan Investment Board now owns 987,509 shares of the construction company’s stock worth $90,653,000 after acquiring an additional 181,314 shares in the last quarter. Moore Capital Management LP bought a new position in shares of CRH during the second quarter valued at $7,918,000. Finally, Vident Advisory LLC boosted its stake in shares of CRH by 157.4% in the 2nd quarter. Vident Advisory LLC now owns 78,439 shares of the construction company’s stock valued at $7,201,000 after purchasing an additional 47,960 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday. Sanford C. Bernstein raised their target price on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. UBS Group began coverage on CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target for the company. Barclays increased their price objective on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $127.43.

About CRH

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.