CRH (NYSE:CRH) Hits New 12-Month Low – Should You Sell?

Crh Plc (NYSE:CRH)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $82.17 and last traded at $83.8160, with a volume of 7738340 shares trading hands. The stock had previously closed at $85.04.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stephens decreased their target price on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Weiss Ratings lowered CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 16th. Morgan Stanley started coverage on shares of CRH in a report on Friday, September 11th. They set an “overweight” rating and a $139.00 price objective for the company. UBS Group lowered their price target on CRH from $147.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Finally, Truist Financial dropped their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Performance

The firm has a fifty day moving average price of $93.43 and a 200 day moving average price of $102.74. The company has a market cap of $55.14 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.66 and a beta of 1.33.

CRH (NYSE:CRH) last released 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 for 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%. CRH’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. On average, analysts expect that Crh Plc will post 5.9 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 14th. CRH’s payout ratio is currently 27.51%.

Hedge Funds Weigh In On CRH

A number of large investors have recently made changes to their positions in CRH. Continuum Advisory LLC bought a new position in CRH during the 2nd quarter worth $29,000. Bell Investment Advisors Inc lifted its holdings in shares of CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after acquiring an additional 103 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in shares of CRH in the 1st quarter valued at $38,000. Anchor Investment Management LLC acquired a new stake in CRH in the second quarter valued at about $40,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of CRH in the 4th quarter valued at approximately $43,000. Institutional investors own 62.50% of the company’s stock.

CRH Company Profile

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.