CRH (NYSE:CRH) Reaches New 1-Year Low - What's Next?

Key Points

• CRH shares fell to a new 52-week low of $86.32, below the stock’s 50-day and 200-day moving averages of $97.24 and $104.71, respectively.
• Despite the decline, analysts remain broadly positive, with an average rating of “Buy” and an average price target of $139.57; recent targets range from $125 to $140.
• CRH reported quarterly EPS of $2.21, beating estimates, while revenue rose 5.6% year over year to $10.78 billion. The company also declared a quarterly dividend of $0.39, representing a 1.8% annualized yield.

Crh Plc (NYSE:CRH - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $86.32 and last traded at $86.2710, with a volume of 2814905 shares. The stock had previously closed at $87.69.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRH shares. Stephens decreased their price objective on shares of CRH from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Morgan Stanley began coverage on CRH in a research report on Friday, September 11th. They set an "overweight" rating and a $139.00 target price on the stock. Berenberg Bank set a $140.00 price target on CRH in a research note on Tuesday, September 8th. Truist Financial reduced their price target on CRH from $140.00 to $130.00 and set a "buy" rating for the company in a report on Friday, July 31st. Finally, DA Davidson began coverage on CRH in a research note on Monday, August 24th. They set a "buy" rating and a $137.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, CRH currently has an average rating of "Buy" and an average price target of $139.57.

CRH Price Performance

The stock has a market capitalization of $57.75 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.61 and a beta of 1.33. The firm's fifty day moving average is $97.24 and its 200-day moving average is $104.71.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 earnings per share 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 net margin of 9.93% and a return on equity of 15.76%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. On average, sell-side analysts expect that Crh Plc will post 5.9 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, August 14th. CRH's dividend payout ratio (DPR) is 27.51%.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently bought and sold shares of CRH. Anchor Investment Management LLC purchased a new stake in shares of CRH during the second quarter valued at $40,000. Sequoia Financial Advisors LLC increased its stake in CRH by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,044 shares of the construction company's stock worth $2,466,000 after purchasing an additional 659 shares in the last quarter. National Pension Service raised its holdings in CRH by 5.9% during the 2nd quarter. National Pension Service now owns 2,020,187 shares of the construction company's stock worth $216,160,000 after buying an additional 111,824 shares during the period. Engineers Gate Manager LP raised its holdings in CRH by 1,838.4% during the 2nd quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company's stock worth $49,381,000 after buying an additional 437,694 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in CRH by 20.4% during the second quarter. NewEdge Advisors LLC now owns 23,243 shares of the construction company's stock valued at $2,487,000 after buying an additional 3,945 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include aggregates, cement, ready-mixed concrete, asphalt, architectural products, precast concrete and other construction-related materials and services.

The company serves customers across North America and Europe, with operations spanning construction materials, infrastructure products and building solutions. CRH supports projects such as roads, bridges, airports, utilities, commercial buildings and residential developments.

CRH was formed in 1970 through the merger of Cement Limited and Roadstone, two Irish building materials businesses.

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