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

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

CRH Stock Down 1.5%

CRH traded down $1.77 during trading on Friday, hitting $113.01. 4,090,235 shares of the company’s stock were exchanged, compared to its average volume of 5,109,999. CRH has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. 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. The business’s 50 day moving average is $115.75 and its two-hundred day moving average is $103.40.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be given a dividend of $0.37 per share. 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 is presently 23.22%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Morgan Stanley set a $134.00 price target on CRH in a research report on Thursday, October 9th. JPMorgan Chase & Co. started coverage on CRH in a research report on Friday, October 24th. They set an “overweight” rating for the company. UBS Group started coverage on CRH in a report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price on the stock. Finally, Barclays increased their target price on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $127.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. boosted 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 worth $30,000 after acquiring an additional 312 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of CRH during the second quarter valued at about $202,000. Peapack Gladstone Financial Corp purchased a new position in CRH during the second quarter worth about $210,000. Sivia Capital Partners LLC grew its position in 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 purchasing an additional 1,579 shares in the last quarter. Finally, Voleon Capital Management LP purchased a new stake in CRH in the 2nd quarter valued at about $479,000. Institutional investors own 62.50% of the company’s stock.

About CRH

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.