#2 - CRH (NYSE:CRH)
Next up on this list of concrete stocks to buy is CRH Plc (NYSE: CRH). The company is headquartered in Dublin, Ireland but does business in 29 countries. The company’s portfolio includes some of the world’s most iconic construction projects.
CRH stock is owned by only 5% of institutional investors. Perhaps that’s due to the fact that the company is domiciled outside the U.S., However, of those that own the stock, buyers have significantly outnumbered sellers in the last five quarters ending March 31, 2023.
In 2022, the company generated $32.7 billion from continued operations. This cements its reputation as one of the world’s leading providers of building materials, including cement and ready-made concrete.
CRH stock is up over 31% in the last five years. And that goes along with a semi-annual dividend that has an impressive 4.20% yield. The stock has a beta of 1.13 which means the stock moves in a way that closely approximates the broader market.
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.
Read More - Current Price
- $81.61
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $83.28 (2.0% Upside)
