CRH (NYSE:CRH) Reaches New 12-Month High – What’s Next?

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

Analyst Ratings Changes

A number of brokerages have weighed in on CRH. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. Sanford C. Bernstein raised their price target on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their price objective on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Barclays increased their target price on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Price Performance

The firm has a market capitalization of $86.48 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.07 and a beta of 1.35. The firm has a 50 day moving average price of $118.93 and a 200-day moving average price of $109.61.

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

CRH Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in 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 stake in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. United Community Bank grew its stake in shares of 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 purchasing an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings 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 buying an additional 312 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

About CRH

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.