CRH (NYSE:CRH) Hits New 52-Week Low - Time to Sell?

Key Points

• CRH shares fell to a new 52-week low of $93.88, below its prior close of $96.05, and remain under both their 50-day and 200-day moving averages.
• Despite the decline, analysts remain broadly bullish: CRH has an average “Buy” rating and a consensus price target of $139.44, although some firms recently lowered their targets.
• CRH reported better-than-expected quarterly results, with earnings of $2.21 per share and revenue of $10.78 billion, while revenue rose 5.6% year over year. The company also announced a quarterly dividend of $0.39 per share, representing a 1.7% yield.

Crh Plc (NYSE:CRH - Get Free Report)'s share price reached a new 52-week low during mid-day trading 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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Sanford C. Bernstein restated an "outperform" rating on shares of CRH in a research note on Tuesday, June 23rd. Wells Fargo & Company decreased their target price on CRH from $135.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, July 8th. Jefferies Financial Group boosted their target price on CRH from $149.00 to $165.60 and gave the stock a "buy" rating in a research note on Friday, June 26th. Weiss Ratings raised CRH from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. Finally, Stephens decreased their price objective on CRH from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $139.44.

CRH Price Performance

The company has a market cap of $62.77 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.73 and a beta of 1.34. The firm's 50 day simple moving average is $103.84 and its 200-day simple moving average is $109.34.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The company had revenue of $10.78 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. The firm's revenue for the quarter 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, analysts forecast that Crh Plc will post 5.8 EPS for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. CRH's payout ratio is presently 27.51%.

Institutional Trading of CRH

Several hedge funds and other institutional investors have recently made changes to their positions in CRH. Riggs Asset Managment Co. Inc. lifted its position in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company's stock valued at $30,000 after purchasing an additional 312 shares during the period. Bell Investment Advisors Inc boosted its holdings in CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company's stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in CRH during the 4th quarter worth approximately $33,000. Elyxium Wealth LLC purchased a new position in shares of CRH during the 4th quarter worth approximately $37,000. Finally, Meeder Asset Management Inc. raised its stake in shares of CRH by 29,400.0% during the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company's stock worth $37,000 after buying an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

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.

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