Crh Plc (NYSE:CRH – Get Free Report)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $87.24 and traded as high as $91.09. CRH shares last traded at $90.7330, with a volume of 10,651,902 shares trading hands.
Trending Headlines about CRH
Here are the key news stories impacting CRH this week:
- Positive Sentiment: EPS beat and resilient revenue growth: CRH reported third-quarter adjusted EPS of $2.09, ahead of the $2.06 consensus estimate. Revenue increased 3% year over year to $11.40 billion, demonstrating continued demand despite a challenging operating environment. CRH earnings report
- Positive Sentiment: $6 billion share buyback: The newly announced repurchase program provides substantial support for per-share earnings and signals management’s confidence in CRH’s cash generation and valuation. CRH Q3 results and buyback
- Positive Sentiment: Arcosa acquisition completed: CRH finalized its $8.5 billion acquisition of Arcosa, expanding its construction-products platform. The company also expects its Velocity initiatives to produce approximately $400 million in annual run-rate benefits by 2028. CRH EBITDA outlook and Velocity benefits
- Positive Sentiment: Dividend declared: CRH declared its quarterly dividend, payable December 9, reinforcing shareholder returns. CRH dividend announcement
- Neutral Sentiment: Management maintained a 2026 adjusted EBITDA outlook of approximately $7.8 billion to $8.0 billion, while emphasizing pricing gains and acquisition-related growth.
- Negative Sentiment: Profitability and guidance pressures: Quarterly EPS declined from $2.21 a year earlier, revenue missed analysts’ expectations, and rising costs and weak housing markets pressured margins. CRH tightened or lowered portions of its full-year outlook, creating execution risk for the Arcosa integration and near-term earnings. CRH Q3 earnings pressures
Wall Street Analysts Forecast Growth
CRH has been the subject of several research reports. Morgan Stanley started coverage on shares of CRH in a research report on Friday, September 11th. They set an “overweight” rating and a $139.00 price target for the company. Berenberg Bank set a $140.00 price objective on shares of CRH in a report on Tuesday, September 8th. Jefferies Financial Group cut their target price on shares of CRH from $159.50 to $126.50 and set a “buy” rating for the company in a research report on Monday, August 3rd. Rothschild & Co Redburn cut their target price on shares of CRH from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Finally, Weiss Ratings cut shares of CRH from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus target price of $126.50.
Read Our Latest Stock Analysis on CRH
CRH Stock Up 4.8%
The company has a fifty day simple moving average of $87.24 and a 200-day simple moving average of $104.44. The firm has a market cap of $60.36 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31.
CRH (NYSE:CRH – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.56 billion. During the same quarter in the prior year, the business posted $2.21 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, research analysts forecast that Crh Plc will post 5.83 EPS for the current year.
Institutional Investors Weigh In On CRH
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its holdings in CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock valued at $627,126,000 after purchasing an additional 2,550,178 shares in the last quarter. Bank of America Corp DE increased its stake in shares of CRH by 3.8% in the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after purchasing an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CRH by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock worth $507,784,000 after purchasing an additional 297,309 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of CRH by 4.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after purchasing an additional 93,106 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of CRH by 27.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after purchasing an additional 477,242 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.
About CRH
CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.
The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.
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