Crh Plc (NYSE:CRH) Shareholders to Collect $0.39 Quarterly Dividend

Crh Plc (NYSE:CRH) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.39 per share by the construction company on Wednesday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 13th.

CRH has increased its dividend by an average of 0.1% per year over the last three years. CRH has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect CRH to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 23.8%.

CRH Price Performance

Shares of NYSE:CRH traded down $0.89 during trading on Friday, reaching $89.73. 2,992,805 shares of the stock were exchanged, compared to its average volume of 4,961,562. The stock has a fifty day moving average of $87.24 and a two-hundred day moving average of $104.44. The firm has a market cap of $59.70 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. CRH has a 1-year low of $78.62 and a 1-year high of $131.55.

CRH (NYSE:CRH) last released its 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. The company had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.21 EPS. Sell-side analysts forecast that CRH will post 5.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CRH shares. Weiss Ratings cut CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft set a $118.00 price objective on CRH in a research note on Friday, October 9th. Truist Financial decreased their target price on shares of CRH from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. DA Davidson began coverage on shares of CRH in a research report on Monday, August 24th. They issued a “buy” rating and a $137.00 price objective on the stock. Finally, BNP Paribas Exane cut their price objective on CRH from $157.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $126.50.

CRH Company Profile

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.