CRH (NYSE:CRH) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

CRH (NYSE:CRH) issued its quarterly earnings results on Wednesday. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27, FiscalAI reports. The company had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $1.97 earnings per share. CRH updated its FY 2025 guidance to 5.490-5.720 EPS.

CRH Price Performance

Shares of NYSE CRH traded down $1.77 during mid-day trading on Friday, reaching $113.01. 4,090,235 shares of the company’s stock traded hands, compared to its average volume of 5,109,999. The business has a 50-day simple moving average of $115.75 and a 200 day simple moving average of $103.61. The stock has a market cap of $76.02 billion, a P/E ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32. CRH has a 1-year low of $76.75 and a 1-year high of $121.99.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s dividend payout ratio (DPR) is 23.22%.

Institutional Trading of CRH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. lifted its holdings in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of CRH during the 2nd quarter worth $202,000. Peapack Gladstone Financial Corp purchased a new position in shares of CRH in the 2nd quarter worth about $210,000. Sivia Capital Partners LLC boosted its holdings in shares of CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares during the last quarter. Finally, Voleon Capital Management LP bought a new position in CRH during the second quarter valued at about $479,000. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRH. Morgan Stanley set a $134.00 price target on CRH in a research note on Thursday, October 9th. Royal Bank Of Canada cut their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group initiated coverage on CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of CRH in a research note on Friday, October 24th. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $127.43.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.