CRH (NYSE:CRH) Reaches New 52-Week Low After Analyst Downgrade

Crh Plc (NYSE:CRH) reached a new 52-week low during trading on Monday after Truist Financial lowered their price target on the stock from $130.00 to $105.00. Truist Financial currently has a buy rating on the stock. CRH traded as low as $80.29 and last traded at $80.2140, with a volume of 350412 shares. The stock had previously closed at $81.94.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on CRH from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group decreased their target price on CRH from $147.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Stephens dropped their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Weiss Ratings lowered shares of CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Finally, Jefferies Financial Group raised their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $134.19.

Institutional Investors Weigh In On CRH

A number of hedge funds and other institutional investors have recently bought and sold shares of CRH. Continuum Advisory LLC acquired a new stake in CRH during the 2nd quarter valued at $29,000. Bell Investment Advisors Inc increased its stake in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Manchester Capital Management LLC purchased a new position in CRH during the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC acquired a new stake in CRH in the 1st quarter worth about $38,000. Finally, Anchor Investment Management LLC purchased a new stake in CRH in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 1.1%

The company has a market cap of $55.58 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.62 and a beta of 1.31. The stock’s 50 day moving average price is $91.95 and its 200 day moving average price is $102.18.

CRH (NYSE:CRH) last issued its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. On average, equities analysts expect that Crh Plc will post 5.9 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.9%. CRH’s dividend payout ratio is currently 27.51%.

About CRH

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.