CRH (NYSE:CRH) Hits New 52-Week High – Here’s Why

Crh Plc (NYSE:CRH) reached a new 52-week high on Friday . The company traded as high as $129.07 and last traded at $129.0260, with a volume of 1392681 shares trading hands. The stock had previously closed at $127.54.

Analyst Ratings Changes

A number of brokerages have recently commented on CRH. Sanford C. Bernstein upped their target price on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday. Bank of America initiated coverage on shares of CRH in a research note on Friday, September 26th. They set a “buy” rating and a $128.00 price objective on the stock. Royal Bank Of Canada cut 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, Truist Financial increased their price target on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.60.

CRH Stock Performance

The firm has a market capitalization of $86.48 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.07 and a beta of 1.35. The company has a 50 day moving average price of $118.93 and a two-hundred day moving average price of $109.61.

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

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, November 21st. CRH’s payout ratio is currently 22.11%.

Hedge Funds Weigh In On CRH

A number of institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in shares of CRH in the 2nd quarter valued at approximately $27,000. Park Place Capital Corp grew its position in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares during the period. United Community Bank increased its stake in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the period. Finally, Cornerstone Planning Group LLC lifted its stake in shares of CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after purchasing an additional 156 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.