CRH (NYSE:CRH) Hits New 52-Week Low – Time to Sell?
by Danessa Lincoln · The Markets DailyShares of Crh Plc (NYSE:CRH – Get Free Report) 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. The stock had previously closed at $96.05.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CRH. Sanford C. Bernstein reiterated 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 report on Friday, July 31st. Stephens lowered their target price on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Jefferies Financial Group lifted their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $139.44.
Read Our Latest Analysis on CRH
CRH Stock Down 1.8%
The company has a market cap of $62.77 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34. The company has a fifty day simple moving average of $103.84 and a two-hundred day simple moving average of $109.34.
CRH (NYSE:CRH – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share (EPS) 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 in the previous year, the company posted $1.94 EPS. The business’s 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 predict that Crh Plc will post 5.8 EPS for the current year.
CRH Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, August 14th. CRH’s dividend payout ratio (DPR) is 27.51%.
Institutional Trading of CRH
Several large investors have recently modified their holdings of CRH. Kemnay Advisory Services Inc. purchased a new position in shares of CRH during the 4th quarter worth approximately $33,000. Meeder Asset Management Inc. lifted its stake in CRH by 29,400.0% in the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after buying an additional 294 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in CRH in the 4th quarter valued at approximately $37,000. Bell Investment Advisors Inc grew its holdings in CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its holdings in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.
About CRH
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.