Crh Plc to Issue Quarterly Dividend of $0.39 (NYSE:CRH)

Crh Plc (NYSE:CRH) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.39 per share by the construction company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 15th.

CRH has increased its dividend by an average of 0.1%annually over the last three years. CRH has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CRH to earn $6.58 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 23.7%.

CRH Stock Performance

CRH stock traded down $2.76 during mid-day trading on Friday, hitting $115.66. 4,004,094 shares of the company were exchanged, compared to its average volume of 5,118,366. The firm has a market cap of $77.29 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.99 and a beta of 1.35. The firm’s 50 day simple moving average is $111.10 and its 200 day simple moving average is $117.87. CRH has a 1-year low of $86.82 and a 1-year high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts predict that CRH will post 5.95 EPS for the current fiscal year.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. UBS Group raised their target price on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. raised their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company raised their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Finally, Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.54.

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.