CRH (NYSE:CRH) Announces Quarterly Earnings Results, Beats Expectations By $0.27 EPS

CRH (NYSE:CRH) posted its earnings results on Wednesday. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27, FiscalAI reports. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the business posted $1.97 EPS. CRH’s revenue was up 5.3% on a year-over-year basis. CRH updated its FY 2025 guidance to 5.490-5.720 EPS.

CRH Trading Down 1.5%

CRH stock traded down $1.77 on Friday, hitting $113.01. 4,090,235 shares of the company’s stock traded hands, compared to its average volume of 5,109,999. The stock has a market cap of $76.02 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.68 and a beta of 1.32. CRH has a 1-year low of $76.75 and a 1-year high of $121.99. The stock has a fifty day moving average of $115.75 and a 200-day moving average of $103.61.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio is currently 23.22%.

Analysts Set New Price Targets

CRH has been the subject of a number of recent analyst reports. UBS Group started coverage on CRH in a report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price objective for the company. Jefferies Financial Group raised CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada lowered their price target on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday. Vertical Research raised shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein raised their target price on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $127.43.

Institutional Investors Weigh In On CRH

Several large investors have recently modified their holdings of CRH. SkyView Investment Advisors LLC raised its stake in shares of CRH by 0.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 26,758 shares of the construction company’s stock worth $2,449,000 after purchasing an additional 251 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings 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 worth $30,000 after buying an additional 312 shares during the last quarter. Diversify Wealth Management LLC raised its position in CRH by 3.2% during the second quarter. Diversify Wealth Management LLC now owns 12,993 shares of the construction company’s stock valued at $1,193,000 after acquiring an additional 401 shares in the last quarter. Empowered Funds LLC lifted its stake in CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its position in CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after acquiring an additional 1,579 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Company Profile

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.