Shares of Crh Plc (NYSE:CRH – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $92.38 and last traded at $92.4810, with a volume of 887680 shares. The stock had previously closed at $94.29.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on CRH shares. Jefferies Financial Group increased their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Stephens cut their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Truist Financial reduced their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $140.57.
CRH Stock Down 2.2%
CRH (NYSE:CRH – Get Free Report) last issued its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.02 by $0.19. The company had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. On average, equities research analysts expect that Crh Plc will post 5.8 EPS for the current fiscal year.
CRH Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s payout ratio is currently 27.51%.
Institutional Trading of CRH
A number of institutional investors and hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. bought a new position in shares of CRH in the 4th quarter worth about $33,000. Continuum Advisory LLC bought a new stake in shares of CRH during the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. raised its stake in CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after acquiring an additional 294 shares during the period. Elyxium Wealth LLC bought a new position in CRH in the fourth quarter worth about $37,000. Finally, Bell Investment Advisors Inc lifted its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after acquiring an additional 103 shares during the last quarter. 62.50% of the stock is 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.
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