CRH (NYSE:CRH) Reaches New 12-Month Low – Here’s What Happened

Crh Plc (NYSE:CRH) hit a new 52-week low on Tuesday . The company traded as low as $93.88 and last traded at $94.5110, with a volume of 232348 shares traded. The stock had previously closed at $96.05.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRH shares. Stephens dropped their price objective on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group boosted their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Finally, Truist Financial reduced their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $139.44.

CRH Trading Up 1.6%

The company has a 50-day moving average of $103.53 and a 200-day moving average of $108.93. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.72 and a beta of 1.34.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts expect that Crh Plc will post 5.8 EPS for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is 27.51%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Waddell & Associates LLC lifted its stake in shares of CRH by 3.8% during the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after buying an additional 87 shares during the period. Larson Financial Group LLC increased its position in shares of CRH by 6.1% in the 4th quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock valued at $222,000 after acquiring an additional 102 shares during the period. Bell Investment Advisors Inc increased its position in shares of CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after acquiring an additional 103 shares during the period. Optas LLC raised its stake in CRH by 4.5% in the 1st quarter. Optas LLC now owns 2,695 shares of the construction company’s stock worth $283,000 after acquiring an additional 117 shares during the last quarter. Finally, Cloverfields Capital Group LP lifted its position in CRH by 0.3% during the 1st quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company’s stock worth $3,988,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.