CRH (NYSE:CRH) Hits New 12-Month Low – What’s Next?

Crh Plc (NYSE:CRH)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $80.08 and last traded at $80.43, with a volume of 1,207,941 shares trading hands. The stock had previously closed at $81.05.

Analysts Set New Price Targets

CRH has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $118.00 price target on shares of CRH in a research report on Friday, October 9th. Stephens dropped their price objective on shares of CRH from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a $115.00 target price (down from $140.00) on shares of CRH in a research report on Tuesday. Morgan Stanley started coverage on shares of CRH in a research report on Friday, September 11th. They set an “overweight” rating and a $139.00 target price for the company. Finally, Rothschild & Co Redburn reduced their target price on shares of CRH from $135.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $127.61.

CRH Price Performance

The business has a 50-day simple moving average of $89.87 and a 200 day simple moving average of $101.22. The firm has a market cap of $52.75 billion, a PE ratio of 13.98, a PEG ratio of 1.45 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%. The firm had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that Crh Plc will post 5.83 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 14th. CRH’s dividend payout ratio is currently 27.51%.

Hedge Funds Weigh In On CRH

Several large investors have recently added to or reduced their stakes in CRH. Amundi boosted its position in shares of CRH by 74.7% during the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock valued at $627,126,000 after acquiring an additional 2,550,178 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of CRH by 441.4% in the first quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock valued at $154,218,000 after purchasing an additional 1,197,255 shares in the last quarter. Renaissance Technologies LLC bought a new stake in CRH in the first quarter worth $79,124,000. Interval Partners LP bought a new stake in CRH in the fourth quarter worth $68,127,000. Finally, Janus Henderson Group PLC increased its position in CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock worth $228,994,000 after purchasing an additional 477,242 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About CRH

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.