CRH (NYSE:CRH) Issues Quarterly Earnings Results

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

CRH Price Performance

CRH traded down $1.77 on Friday, hitting $113.01. 4,090,235 shares of the stock were exchanged, compared to its average volume of 5,109,999. The firm has a market capitalization of $76.02 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32. CRH has a 12 month low of $76.75 and a 12 month high of $121.99. The business has a 50-day moving average of $115.75 and a two-hundred day moving average of $103.40.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio is currently 23.22%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRH shares. Bank of America started coverage on CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 target price on the stock. Sanford C. Bernstein upped their price objective on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Barclays increased their price objective on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Morgan Stanley set a $134.00 price target on shares of CRH in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $127.43.

Institutional Trading of CRH

A number of institutional investors and hedge funds have recently made changes to their positions in CRH. Sivia Capital Partners LLC raised its holdings in shares of CRH by 58.5% during 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 in the last quarter. NewEdge Advisors LLC boosted its stake in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares in the last quarter. EP Wealth Advisors LLC bought a new position in CRH in the second quarter valued at about $202,000. Riggs Asset Managment Co. Inc. raised its stake 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 in the last quarter. Finally, Sandler Capital Management bought a new position in shares of CRH in the second quarter worth about $1,783,000. Institutional investors own 62.50% of the company’s stock.

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.